ProShares Ultra FTSE Europe (NYSEARCA:UPV) Short Interest Up 114.3% in September

ProShares Ultra FTSE Europe (NYSEARCA:UPV) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 1,500 shares, a growth of 114.3% from the August 31st total of 700 shares. Based on an average daily volume of 1,100 shares, the days-to-cover ratio is presently 1.4 days. Based on an average daily volume of 1,100 shares, the days-to-cover ratio is presently 1.4 days.

ProShares Ultra FTSE Europe Stock Up 1.0%

Shares of UPV opened at $85.80 on Monday. The stock has a 50 day moving average price of $80.63 and a 200 day moving average price of $75.40. ProShares Ultra FTSE Europe has a 52-week low of $51.37 and a 52-week high of $85.80.

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

About ProShares Ultra FTSE Europe

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.