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

ProShares Ultra FTSE Europe (NYSEARCA:UPV) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 5,223 shares, an increase of 44.9% from the January 15th total of 3,605 shares. Approximately 4.4% of the shares of the stock are short sold. Based on an average trading volume of 1,338 shares, the days-to-cover ratio is presently 3.9 days. Based on an average trading volume of 1,338 shares, the days-to-cover ratio is presently 3.9 days. Approximately 4.4% of the shares of the stock are short sold.

Hedge Funds Weigh In On ProShares Ultra FTSE Europe

An institutional investor recently bought a new position in ProShares Ultra FTSE Europe stock. Jane Street Group LLC acquired a new stake in shares of ProShares Ultra FTSE Europe (NYSEARCA:UPV) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 3,130 shares of the company’s stock, valued at approximately $206,000. Jane Street Group LLC owned approximately 2.72% of ProShares Ultra FTSE Europe at the end of the most recent quarter.

ProShares Ultra FTSE Europe Trading Down 0.2%

Shares of UPV opened at $100.28 on Tuesday. ProShares Ultra FTSE Europe has a one year low of $51.37 and a one year high of $102.46. The stock has a 50 day moving average price of $94.20 and a 200 day moving average price of $86.53.

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.