ProShares Ultra Yen (NYSEARCA:YCL – Get Free Report)’s stock price rose 0.4% on Wednesday . The stock traded as high as $26.00 and last traded at $25.43. Approximately 150,970 shares changed hands during mid-day trading, an increase of 83% from the average daily volume of 82,587 shares. The stock had previously closed at $25.33.
ProShares Ultra Yen Stock Down 2.2 %
The firm’s 50 day moving average is $23.77 and its two-hundred day moving average is $22.70.
Institutional Investors Weigh In On ProShares Ultra Yen
An institutional investor recently bought a new position in ProShares Ultra Yen stock. Raffles Associates LP purchased a new stake in shares of ProShares Ultra Yen (NYSEARCA:YCL – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,000 shares of the company’s stock, valued at approximately $203,000. Raffles Associates LP owned about 0.54% of ProShares Ultra Yen at the end of the most recent reporting period.
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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