Verity Asset Management Inc. Invests $582,000 in ProShares UltraShort Euro $EUO

Verity Asset Management Inc. bought a new position in shares of ProShares UltraShort Euro (NYSEARCA:EUO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,542 shares of the company’s stock, valued at approximately $582,000.

A number of other large investors have also modified their holdings of the business. New York Life Investment Management LLC raised its stake in shares of ProShares UltraShort Euro by 20.7% during the 3rd quarter. New York Life Investment Management LLC now owns 20,225 shares of the company’s stock worth $567,000 after buying an additional 3,464 shares in the last quarter. Simplicity Wealth LLC purchased a new position in shares of ProShares UltraShort Euro during the 3rd quarter worth approximately $378,000. Jane Street Group LLC purchased a new position in shares of ProShares UltraShort Euro during the 1st quarter worth approximately $237,000. Finally, Osaic Holdings Inc. purchased a new position in shares of ProShares UltraShort Euro during the 2nd quarter worth approximately $33,000.

ProShares UltraShort Euro Stock Performance

Shares of EUO stock traded down $0.14 during trading hours on Thursday, reaching $28.96. 13,669 shares of the company’s stock were exchanged, compared to its average volume of 52,643. The company’s 50 day moving average is $29.13 and its two-hundred day moving average is $28.78. ProShares UltraShort Euro has a 1 year low of $26.93 and a 1 year high of $30.86.

About ProShares UltraShort Euro

The ProShares UltraShort Euro (EUO) is an exchange-traded fund that is based on the U.S. Dollar per Euro index. The fund provides a -200% exposure to the daily performance of the EUR spot price against the US dollar as measured by Bloomberg. EUO was launched on Nov 25, 2008 and is managed by ProShares.