Short Interest in ProShares Ultra Euro (NYSEARCA:ULE) Grows By 404.3%

ProShares Ultra Euro (NYSEARCA:ULE) saw a large growth in short interest in August. As of August 15th, there was short interest totaling 23,200 shares, agrowthof404.3% from the July 31st total of 4,600 shares. Based on an average daily trading volume, of 18,600 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily trading volume, of 18,600 shares, the days-to-cover ratio is presently 1.2 days.

Hedge Funds Weigh In On ProShares Ultra Euro

An institutional investor recently bought a new position in ProShares Ultra Euro stock. Jane Street Group LLC bought a new stake in ProShares Ultra Euro (NYSEARCA:ULE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 124,039 shares of the company’s stock, valued at approximately $1,296,000. Jane Street Group LLC owned approximately 22.55% of ProShares Ultra Euro at the end of the most recent quarter.

ProShares Ultra Euro Stock Performance

Shares of NYSEARCA:ULE opened at $13.01 on Friday. The firm has a 50 day moving average of $13.09 and a 200-day moving average of $12.38. ProShares Ultra Euro has a 12 month low of $10.11 and a 12 month high of $13.46.

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.