ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) Sees Significant Decrease in Short Interest

ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 2,323 shares, a decrease of 42.4% from the June 15th total of 4,036 shares. Currently, 1.4% of the company’s stock are short sold. Based on an average trading volume of 7,821 shares, the days-to-cover ratio is currently 0.3 days.

ProShares UltraShort MSCI EAFE Stock Performance

EFU traded up $0.06 during trading on Thursday, hitting $7.33. 10,081 shares of the company’s stock traded hands, compared to its average volume of 13,121. The company’s 50 day simple moving average is $7.50 and its two-hundred day simple moving average is $8.01. ProShares UltraShort MSCI EAFE has a 12-month low of $7.06 and a 12-month high of $11.45.

ProShares UltraShort MSCI EAFE Company Profile

ProShares UltraShort MSCI EAFE (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of 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 Fund takes positions in securities and/or financial instruments that, in combination, should have similar daily return characteristics as -200% of the daily return of the MSCI EAFE Index.