ProShares - Ultra Yen
YCL
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Dec 9, 2008
- CIK
- 0001415311
- Website
- proshares.com
- Similar Companies
- Business
- ProShares Ultra Yen (YCL), a series of ProShares Trust II, seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Japanese yen versus the U.S. dollar, as measured by the Bloomberg JPY/USD spot exchange rate at 4:00 p.m. ET; the fund invests primarily in yen/dollar forward contracts with major counterparties such as UBS and Goldman Sachs, along with cash and other short-term instruments to achieve its leveraged currency exposure. Launched on November 24, 2008, with CUSIP 74347W270 and a net expense ratio of 0.95%, YCL trades on NYSE Arca with options availability and quarterly distributions, targeting sophisticated investors seeking short-term tactical bets on yen appreciation or dollar hedges. The fund, domiciled in the United States, forms part of ProShares' extensive lineup of geared ETFs managed by ProShare Advisors LLC and co-managed by ProFund Advisors LLC under sponsor ProShare Capital Management LLC. ProShares Trust II, issuer of YCL, operates within the leveraged currency ETF segment, serving institutional and retail investors focused on foreign exchange volatility, with assets under management for YCL around $49-60 million as of late 2025. Headquartered in Bethesda, Maryland—the base for parent ProShares, founded in 2006 as a division of ProFunds Group established in 1997—the firm manages over $70-95 billion in total ETF and mutual fund assets across leveraged, inverse, crypto-linked, dividend growth, high income, and hedged bond strategies. Recent developments for ProShares include the July 2025 launch of Ultra Solana (SLON) and Ultra XRP (UXRP) ETFs targeting 2x daily returns on those cryptocurrencies, expanding its leading U.S. crypto-linked suite with over $1.5 billion in assets; in June 2025, introduction of Dynamic Buffer ETFs offering downside protection with equity exposure; surpassing $100 billion in AUM; and September 2025 hires to bolster distribution. In November 2025, ProShares Trust II announced reverse share splits for unrelated ETFs (UltraShort Gold 1-for-2 and Ultra VIX Short-Term Futures 1-for-5, effective November 20), reflecting ongoing portfolio optimization without direct impact on YCL. No specific acquisitions, funding rounds, or reorganizations were reported for YCL or ProShares Trust II in 2024-2025, though the firm continues innovating in leveraged products amid yen volatility.