ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) Sees Large Increase in Short Interest

ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 4,065 shares, a growth of 99.2% from the September 30th total of 2,041 shares. Based on an average trading volume of 9,250 shares, the days-to-cover ratio is currently 0.4 days. Currently, 2.4% of the company’s stock are sold short.

ProShares UltraShort MSCI EAFE Price Performance

Shares of NYSEARCA EFU traded down $0.13 during midday trading on Monday, hitting $7.28. 10,671 shares of the company’s stock were exchanged, compared to its average volume of 10,970. The firm’s fifty day simple moving average is $7.14 and its 200-day simple moving average is $7.63. ProShares UltraShort MSCI EAFE has a twelve month low of $6.67 and a twelve month high of $10.42.

About ProShares UltraShort MSCI EAFE

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.