Short Interest in ProShares Ultra Euro (NYSEARCA:ULE) Drops By 61.1%

ProShares Ultra Euro (NYSEARCA:ULE) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 1,029 shares, a drop of 61.1% from the May 31st total of 2,642 shares. Based on an average daily trading volume, of 3,835 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Investors Weigh In On 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) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 filing with the Securities & Exchange Commission.

ProShares Ultra Euro Stock Performance

ULE stock traded down $0.01 during trading hours on Tuesday, reaching $12.36. The stock had a trading volume of 4,404 shares, compared to its average volume of 9,532. The stock has a 50-day simple moving average of $12.77 and a 200 day simple moving average of $12.95. ProShares Ultra Euro has a fifty-two week low of $12.20 and a fifty-two week high of $13.89.

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.