ProShares Ultra MSCI EAFE (NYSEARCA:EFO) Sees Large Drop in Short Interest

ProShares Ultra MSCI EAFE (NYSEARCA:EFO) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 4,361 shares, a decline of 59.6% from the May 14th total of 10,782 shares. Based on an average daily volume of 7,145 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.0% of the shares of the stock are short sold.

ProShares Ultra MSCI EAFE Stock Up 0.8%

EFO stock traded up $0.55 on Friday, hitting $72.93. 8,790 shares of the company’s stock traded hands, compared to its average volume of 9,902. ProShares Ultra MSCI EAFE has a 1-year low of $51.90 and a 1-year high of $76.50. The stock has a fifty day moving average of $70.44 and a 200-day moving average of $68.08.

Institutional Investors Weigh In On ProShares Ultra MSCI EAFE

Several large investors have recently modified their holdings of the stock. Osaic Holdings Inc. acquired a new position in shares of ProShares Ultra MSCI EAFE in the 2nd quarter worth $55,000. Cassaday & Co Wealth Management LLC purchased a new position in ProShares Ultra MSCI EAFE in the 1st quarter worth about $75,000. Innova Wealth Partners purchased a new position in ProShares Ultra MSCI EAFE in the 1st quarter worth about $236,000. Jane Street Group LLC acquired a new stake in ProShares Ultra MSCI EAFE during the 2nd quarter worth about $256,000. Finally, Susquehanna International Group LLP acquired a new stake in ProShares Ultra MSCI EAFE during the 3rd quarter worth about $515,000.

ProShares Ultra MSCI EAFE Company Profile

ProShares Ultra MSCI EAFE (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the MSCI EAFE Index. The MSCI EAFE Index (Europe, Australasia, Far East) adjusts the market capitalization of index constituents for free float and targets for index inclusion 85% of free float-adjusted market capitalization in each industry group in developed market countries, excluding the United States and Canada. The MSCI EAFE Index consists of 21 developed market country indexes, including Australia, Austria, Belgium, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom.