Short Interest in ProShares Ultra Euro (NYSEARCA:ULE) Expands By 76.6%

ProShares Ultra Euro (NYSEARCA:ULE) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,817 shares, a growth of 76.6% from the June 15th total of 1,029 shares. Based on an average daily volume of 5,487 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.5% of the company’s shares are sold short.

ProShares Ultra Euro Price Performance

Shares of NYSEARCA ULE opened at $12.39 on Friday. ProShares Ultra Euro has a 1 year low of $12.20 and a 1 year high of $13.89. The firm has a 50-day simple moving average of $12.61 and a two-hundred day simple moving average of $12.88.

Institutional Investors Weigh In On ProShares Ultra Euro

A hedge fund recently bought a new position 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 its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 18,281 shares of the company’s stock, valued at approximately $241,000. Jane Street Group LLC owned about 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.