ProShares Ultra FTSE Europe (NYSEARCA:UPV) Short Interest Down 45.4% in July

ProShares Ultra FTSE Europe (NYSEARCA:UPV) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 1,262 shares, a decline of 45.4% from the July 15th total of 2,310 shares. Based on an average daily volume of 574 shares, the days-to-cover ratio is currently 2.2 days. Approximately 0.9% of the shares of the company are short sold.

Hedge Funds Weigh In On ProShares Ultra FTSE Europe

A hedge fund recently bought a new stake in ProShares Ultra FTSE Europe stock. Jane Street Group LLC bought a new position in ProShares Ultra FTSE Europe (NYSEARCA:UPV) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,130 shares of the company’s stock, valued at approximately $206,000. Jane Street Group LLC owned 2.72% of ProShares Ultra FTSE Europe as of its most recent SEC filing.

ProShares Ultra FTSE Europe Trading Down 0.4%

Shares of NYSEARCA:UPV traded down $0.43 during trading on Monday, reaching $105.90. The company had a trading volume of 107 shares, compared to its average volume of 1,466. The firm’s fifty day moving average is $100.26 and its 200 day moving average is $96.71. ProShares Ultra FTSE Europe has a twelve month low of $77.63 and a twelve month high of $107.44.

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.