CURRENCY ETF  $

 
 

See Also

 

Australian Dollar ETF

Brazilian Real ETF

British Pound ETF

Canadian Dollar ETF

Carry Trade ETF

Chinese Yuan ETF

Euro ETF

Indian Rupee ETF

Japanese Yen ETF

Mexican Peso ETF

New Zealand Dollar ETF

Russian Ruble ETF

South African Rand ETF

Swedish Krona ETF

Swiss Franc ETF

US Dollar ETF

Currency ETF List

Short Currency ETF

 

   

ProShares Double Long Yen ETF  Double Long Yen ETF

 

Double Long Yen ETF - YCL 

Among the few leveraged currency ETFs available is the Proshares Ultra Yen currency ETF (Symbol: YCL). The YCL double long Yen ETF seeks to replicate double (2x) the daily performance of the Japanese Yen in U.S. Dollar terms (JPY/USD cross rate), before fees and expenses, as published in The Wall Street Journal's Money & Investing section every day. Hence, its NAV calculation time is 4 PM EST.

 

It is important to note that the YCL double long Yen ETF seeks to replicate the daily movement in the Yen and not over an extended period of time. Because YCL invests in various financial instruments (currency futures contracts, forward contracts, and option contracts) and because of the need to roll these contracts periodically, actual performance compared to the change in the price of the Japanese Yen may not be identical to a 200% move. Also, because of the leveraged nature of the YCL ETF, some stock brokers may impose higher margin requirements for this type of Yen Exchange Traded Fund.

 

The ProShares Ultra Yen Currency ETF (YCL) vital stats:

 

Symbol: YCL

Exchange: NYSE Arca

Options: No

Expense Ratio: 0.95%

Dividend Distribution: None

NAV or AUM: ~$3 Million

Options Available: Yes

CUSIP: 74347W866 

Inception Date: 11/24/2008

 

 

 

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