ProShares Ultra FTSE Europe (NYSEARCA:UPV) Short Interest Up 204.6% in December

ProShares Ultra FTSE Europe (NYSEARCA:UPV) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 5,449 shares, an increase of 204.6% from the December 15th total of 1,789 shares. Based on an average trading volume of 1,003 shares, the days-to-cover ratio is currently 5.4 days. Approximately 4.5% of the shares of the stock are short sold. Approximately 4.5% of the shares of the stock are short sold. Based on an average trading volume of 1,003 shares, the days-to-cover ratio is currently 5.4 days.

ProShares Ultra FTSE Europe Stock Performance

Shares of ProShares Ultra FTSE Europe stock traded down $0.98 during midday trading on Tuesday, reaching $94.44. The company had a trading volume of 1,487 shares, compared to its average volume of 1,698. The stock has a fifty day simple moving average of $86.96 and a 200 day simple moving average of $83.28. ProShares Ultra FTSE Europe has a 1-year low of $51.37 and a 1-year high of $95.42.

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 acquired 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 (SEC). The firm acquired 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 filing with the Securities and Exchange Commission (SEC).

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.