ProShares Ultra Euro (NYSEARCA:ULE) Sees Significant Growth in Short Interest

ProShares Ultra Euro (NYSEARCA:ULE) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,817 shares, an increase of 76.6% from the June 15th total of 1,029 shares. Based on an average trading volume of 5,487 shares, the short-interest ratio is presently 0.3 days. Currently, 0.5% of the company’s shares are short sold.

Institutional Trading of ProShares Ultra Euro

A hedge fund recently bought a new stake in ProShares Ultra Euro stock. Jane Street Group LLC purchased a new stake in ProShares Ultra Euro (NYSEARCA:ULE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 18,281 shares of the company’s stock, valued at approximately $241,000. Jane Street Group LLC owned 3.66% of ProShares Ultra Euro as of its most recent filing with the Securities and Exchange Commission (SEC).

ProShares Ultra Euro Stock Performance

Shares of ProShares Ultra Euro stock opened at $12.39 on Friday. The stock has a 50 day moving average price of $12.59 and a 200-day moving average price of $12.88. ProShares Ultra Euro has a one year low of $12.20 and a one year high of $13.89.

ProShares Ultra Euro Company Profile

The ProShares Ultra Euro (ULE) is an exchange-traded fund that is based on the U.S. Dollar per Euro index. The fund provides 2x the daily performance of the euro spot price against the US dollar. ULE was launched on Nov 25, 2008 and is managed by ProShares.