Short Interest in ProShares Ultra FTSE Europe (NYSEARCA:UPV) Expands By 59.7%

ProShares Ultra FTSE Europe (NYSEARCA:UPV) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 1,789 shares, a growth of 59.7% from the November 30th total of 1,120 shares. Approximately 1.5% of the company’s stock are short sold. Based on an average trading volume of 873 shares, the days-to-cover ratio is currently 2.0 days. Based on an average trading volume of 873 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares Ultra FTSE Europe stock. Jane Street Group LLC purchased a new position in shares of ProShares Ultra FTSE Europe (NYSEARCA:UPV) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,130 shares of the company’s stock, valued at approximately $206,000. Jane Street Group LLC owned about 2.72% of ProShares Ultra FTSE Europe as of its most recent SEC filing.

ProShares Ultra FTSE Europe Stock Performance

Shares of NYSEARCA:UPV traded up $0.93 on Tuesday, reaching $90.96. 752 shares of the company’s stock were exchanged, compared to its average volume of 2,033. ProShares Ultra FTSE Europe has a twelve month low of $51.37 and a twelve month high of $91.18. The company has a fifty day moving average of $85.35 and a 200-day moving average of $82.12.

ProShares Ultra FTSE Europe Company Profile

ProShares Ultra MSCI Europe seeks daily investment results that correspond to twice (200%) the daily performance of the MSCI Europe Index (the Index). The Fund seeks investment results for a single day only, not for longer periods. The Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of the developed markets in Europe. The Index is divided into large and mid-cap segments, and targets approximately 85% of free float-adjusted market capitalization of the region.