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

ProShares Ultra Euro (NYSEARCA:ULE) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 13,396 shares, a growth of 273.0% from the April 15th total of 3,591 shares. Based on an average daily trading volume, of 3,650 shares, the short-interest ratio is presently 3.7 days. Currently, 3.0% of the shares of the company are sold short.

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 bought a new stake in shares of ProShares Ultra Euro (NYSEARCA:ULE) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 Trading Down 0.9%

Shares of NYSEARCA:ULE traded down $0.12 on Friday, hitting $12.80. 5,452 shares of the company were exchanged, compared to its average volume of 11,066. ProShares Ultra Euro has a 1-year low of $11.97 and a 1-year high of $13.89. The stock’s 50 day moving average price is $12.87 and its 200 day moving average price is $13.00.

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.