ProShares Short MSCI EAFE (NYSEARCA:EFZ) Sees Large Decrease in Short Interest

ProShares Short MSCI EAFE (NYSEARCA:EFZ) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 2,783 shares, a drop of 47.5% from the August 15th total of 5,305 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 2,903 shares, the short-interest ratio is currently 1.0 days.

ProShares Short MSCI EAFE Stock Up 0.4%

NYSEARCA EFZ traded up $0.10 during trading on Tuesday, reaching $22.85. 3,298 shares of the stock traded hands, compared to its average volume of 30,409. ProShares Short MSCI EAFE has a fifty-two week low of $21.94 and a fifty-two week high of $27.28. The stock’s 50-day moving average price is $22.59 and its 200 day moving average price is $23.49.

Hedge Funds Weigh In On ProShares Short MSCI EAFE

Several institutional investors and hedge funds have recently made changes to their positions in the company. SB Capital Management Inc acquired a new stake in ProShares Short MSCI EAFE during the 4th quarter worth $1,460,000. Susquehanna International Group LLP increased its holdings in shares of ProShares Short MSCI EAFE by 40.3% in the second quarter. Susquehanna International Group LLP now owns 28,599 shares of the company’s stock worth $657,000 after acquiring an additional 8,218 shares in the last quarter. Hamilton Wealth LLC acquired a new stake in shares of ProShares Short MSCI EAFE during the first quarter worth about $314,000. Finally, Citadel Advisors LLC acquired a new stake in shares of ProShares Short MSCI EAFE during the second quarter worth about $214,000.

About ProShares Short MSCI EAFE

ProShares Short MSCI EAFE (the Fund) seeks daily investment results that correspond to 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 -100% of the daily return of the MSCI EAFE Index.