ProShares Ultra FTSE Europe (NYSEARCA:UPV) Sees Significant Drop in Short Interest

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

ProShares Ultra FTSE Europe Trading Up 2.8%

UPV traded up $2.28 during trading hours on Wednesday, reaching $84.90. The company’s stock had a trading volume of 997 shares, compared to its average volume of 2,062. The business’s 50-day moving average is $95.76 and its 200-day moving average is $89.04. ProShares Ultra FTSE Europe has a fifty-two week low of $51.37 and a fifty-two week high of $104.40.

ProShares Ultra FTSE Europe Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be issued a dividend of $0.284 per share. 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%.

Institutional Trading of 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 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 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 quarter.

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.