ProShares Ultra Euro (NYSEARCA:ULE) Short Interest Down 86.4% in March

ProShares Ultra Euro (NYSEARCA:ULE) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 3,797 shares, a drop of 86.4% from the February 26th total of 27,948 shares. Based on an average daily volume of 11,194 shares, the short-interest ratio is presently 0.3 days. Currently, 0.8% of the company’s shares are short sold.

Institutional Inflows and Outflows

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

ProShares Ultra Euro Price Performance

NYSEARCA:ULE traded down $0.12 during trading hours on Thursday, reaching $12.59. The company’s stock had a trading volume of 12,635 shares, compared to its average volume of 13,744. The firm has a 50-day simple moving average of $13.08 and a 200-day simple moving average of $13.03. ProShares Ultra Euro has a 1 year low of $11.22 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.