ProShares Ultra Euro (NYSEARCA:ULE) Short Interest Up 76.6% in June

ProShares Ultra Euro (NYSEARCA:ULE) was the target of a significant increase in short interest in 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. Currently, 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 5,487 shares, the days-to-cover ratio is presently 0.3 days.

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 position in shares of ProShares Ultra Euro (NYSEARCA:ULE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 SEC filing.

ProShares Ultra Euro Price Performance

NYSEARCA:ULE opened at $12.39 on Friday. The firm has a 50 day simple moving average of $12.59 and a 200-day simple moving average of $12.88. 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.