ProShares Ultra Yen (NYSEARCA:YCL – Get Free Report) shares shot up 1.7% during trading on Tuesday . The company traded as high as $21.61 and last traded at $21.61. 73,051 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 87,954 shares. The stock had previously closed at $21.24.
ProShares Ultra Yen Trading Up 2.5 %
The business has a 50-day moving average of $22.55 and a two-hundred day moving average of $22.51.
Hedge Funds Weigh In On ProShares Ultra Yen
A hedge fund recently bought a new stake in ProShares Ultra Yen stock. Raffles Associates LP bought a new stake in ProShares Ultra Yen (NYSEARCA:YCL – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,000 shares of the company’s stock, valued at approximately $203,000. Raffles Associates LP owned 0.54% of ProShares Ultra Yen as of its most recent SEC filing.
About ProShares Ultra Yen
The ProShares Ultra Yen (YCL) is an exchange-traded fund that is based on the Japanese Yen per U.S. Dollar index. The fund provides a 2x multiple to the daily performance of the Japanese yen spot price against the US dollar as measured by Reuters. YCL was launched on Nov 24, 2008 and is managed by ProShares.
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