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

ProShares Ultra Euro (NYSEARCA:ULE) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,029 shares, a decline of 61.1% from the May 31st total of 2,642 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 3,835 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On ProShares Ultra Euro

An institutional investor recently bought a new stake in ProShares Ultra Euro stock. Jane Street Group LLC bought a new position in ProShares Ultra Euro (NYSEARCA:ULE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 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.

ProShares Ultra Euro Price Performance

Shares of ProShares Ultra Euro stock traded up $0.09 during trading hours on Monday, hitting $12.37. 13,145 shares of the company were exchanged, compared to its average volume of 9,568. The business has a 50-day moving average of $12.80 and a 200-day moving average of $12.96. ProShares Ultra Euro has a 1 year low of $12.20 and a 1 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.