ProShares Ultra YenProShares Ultra YenProShares Ultra Yen

ProShares Ultra Yen

No trades
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Key stats


Assets under management (AUM)
‪53.59 M‬USD
Fund flows (1Y)
‪6.32 M‬USD
Dividend yield (indicated)
Discount/Premium to NAV
−0.08%
Shares outstanding
‪2.45 M‬
Expense ratio
0.95%

About ProShares Ultra Yen


Issuer
ProShare Advisors LLC
Brand
ProShares
Home page
Inception date
Nov 24, 2008
Structure
Commodities Pool
Index tracked
JPY/USD Exchange Rate - Benchmark Price Return
Replication method
Synthetic
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
ISIN
US74347W2706
YCL offers a bullish one-day bet on the Japanese yen/US dollar cross rate, designed to gain big when the yen appreciates against the greenback. The fund rebalances its 2x exposure on a daily basis, so over the long term, returns in YCL could diverge significantly from expected returns due to compounding effects. Unlike most geared funds, YCL gains its leveraged exposure through futures and forward contracts, as opposed to swap agreements. Therefore, the fund is structured as a commodities pool and it distributes K-1 forms. Furthermore, YCLs taxation on sale of shares is blended, with 60% of gains taxed at the long-term rate, and 40% of gains taxed as ordinary income, regardless of holding period. It is also worth noting that the implementation of Abenomics in 2012 negatively affected the performance of Japanese yen relative to the US dollar.

Broaden your horizons with more funds linked to YCL via country, focus, and more.

Classification


Asset Class
Currency
Category
Pair
Focus
Long JPY, short USD
Niche
Derivative
Strategy
Vanilla
Geography
Japan
Weighting scheme
Single asset
Selection criteria
Single asset
What's in the fund
Exposure type
Bonds, Cash & Other
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
YCL trades at 20.61 USD today, its price has fallen −1.91% in the past 24 hours. Track more dynamics on YCL price chart.
YCL net asset value is 21.03 today — it's fallen 4.30% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
YCL assets under management is ‪53.59 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
YCL price has fallen by −6.33% over the last month, and its yearly performance shows a −11.17% decrease. See more dynamics on YCL price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −4.30% over the last month, showed a −8.41% decrease in three-month performance and has decreased by −8.87% in a year.
YCL fund flows account for ‪6.32 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
YCL invests in cash. See more details in our Analysis section.
YCL expense ratio is 0.95%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
Yes, YCL is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, YCL technical analysis shows the strong sell rating and its 1-week rating is strong sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating YCL shows the sell signal. See more of YCL technicals for a more comprehensive analysis.
No, YCL doesn't pay dividends to its holders.
YCL trades at a premium (0.08%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
YCL shares are issued by ProShare Advisors LLC
YCL follows the JPY/USD Exchange Rate - Benchmark Price Return. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 24, 2008.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.