ProShares Ultra FTSE Europe (NYSEARCA:UPV – Get Free Report) was the recipient of a significant decline in short interest in the month of 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. Currently, 0.9% of the shares of the company are sold short. Based on an average daily volume of 574 shares, the days-to-cover ratio is currently 2.2 days.
ProShares Ultra FTSE Europe Stock Down 1.2%
Shares of UPV stock traded down $1.28 during trading hours on Tuesday, reaching $104.62. The stock had a trading volume of 449 shares, compared to its average volume of 1,460. ProShares Ultra FTSE Europe has a twelve month low of $77.63 and a twelve month high of $107.44. The firm has a 50-day simple moving average of $100.26 and a 200-day simple moving average of $96.71.
Institutional Investors Weigh In On ProShares Ultra FTSE Europe
An institutional investor 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 – Free Report) 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 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.
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