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

ProShares Ultra Euro (NYSEARCA:ULE) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 2,584 shares, a drop of 80.7% from the April 30th total of 13,396 shares. Based on an average daily volume of 10,134 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.6% of the company’s stock are short sold.

ProShares Ultra Euro Stock Down 0.1%

ULE opened at $12.79 on Thursday. The firm’s fifty day moving average price is $12.89 and its two-hundred day moving average price is $13.00. ProShares Ultra Euro has a 1 year low of $12.31 and a 1 year high of $13.89.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares Ultra Euro stock. Jane Street Group LLC acquired a new position in ProShares Ultra Euro (NYSEARCA:ULE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 18,281 shares of the company’s stock, valued at approximately $241,000. Jane Street Group LLC owned approximately 3.66% of ProShares Ultra Euro as of its most recent filing with the Securities and Exchange Commission.

About ProShares Ultra Euro

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.