ProShares Ultra FTSE Europe (NYSEARCA:UPV) Short Interest Update

ProShares Ultra FTSE Europe (NYSEARCA:UPV) was the target of a large drop in short interest in March. As of March 13th, there was short interest totaling 1,235 shares, a drop of 69.1% from the February 26th total of 4,002 shares. Based on an average daily volume of 3,535 shares, the days-to-cover ratio is currently 0.3 days. Approximately 1.0% of the company’s stock are sold short. Approximately 1.0% of the company’s stock are sold short. Based on an average daily volume of 3,535 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On ProShares Ultra FTSE Europe

A hedge fund recently bought a new stake in ProShares Ultra FTSE Europe stock. Jane Street Group LLC bought a new stake in ProShares Ultra FTSE Europe (NYSEARCA:UPV) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,130 shares of the company’s stock, valued at approximately $206,000. Jane Street Group LLC owned 2.72% of ProShares Ultra FTSE Europe at the end of the most recent reporting period.

ProShares Ultra FTSE Europe Stock Performance

Shares of UPV stock traded up $2.28 on Wednesday, reaching $84.90. 997 shares of the stock were exchanged, compared to its average volume of 2,062. The business’s 50 day moving average price is $95.76 and its 200 day moving average price is $89.04. ProShares Ultra FTSE Europe has a twelve month low of $51.37 and a twelve month high of $104.40.

ProShares Ultra FTSE Europe Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be issued a $0.284 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.3%.

About ProShares Ultra FTSE Europe

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.