ProShares Short MSCI EAFE (NYSEARCA:EFZ – Get Free Report) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 28,630 shares, an increase of 230.0% from the May 31st total of 8,675 shares. Based on an average trading volume of 19,580 shares, the days-to-cover ratio is presently 1.5 days. Currently, 4.4% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in shares of ProShares Short MSCI EAFE during the 4th quarter worth $147,000. Hamilton Wealth LLC purchased a new stake in shares of ProShares Short MSCI EAFE in the first quarter valued at $314,000. Ballew Advisors Inc increased its stake in ProShares Short MSCI EAFE by 7.4% in the fourth quarter. Ballew Advisors Inc now owns 101,891 shares of the company’s stock valued at $1,253,000 after purchasing an additional 7,058 shares during the last quarter. Finally, SB Capital Management Inc acquired a new position in ProShares Short MSCI EAFE in the fourth quarter valued at $1,460,000.
ProShares Short MSCI EAFE Price Performance
NYSEARCA:EFZ traded up $0.04 on Friday, reaching $23.20. The stock had a trading volume of 6,995 shares, compared to its average volume of 41,244. The firm’s fifty day moving average is $23.59 and its two-hundred day moving average is $24.30. ProShares Short MSCI EAFE has a 12-month low of $22.86 and a 12-month high of $28.60.
ProShares Short MSCI EAFE Company Profile
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.
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