ProShares Short MSCI EAFE (NYSEARCA:EFZ) Short Interest Update

ProShares Short MSCI EAFE (NYSEARCA:EFZ) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 11,073 shares, a growth of 126.6% from the April 15th total of 4,887 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average trading volume of 161,948 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On ProShares Short MSCI EAFE

Several large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new position in ProShares Short MSCI EAFE during the fourth quarter worth about $147,000. SB Capital Management Inc acquired a new stake in ProShares Short MSCI EAFE in the 4th quarter valued at about $1,460,000. Finally, Ballew Advisors Inc boosted its position in shares of ProShares Short MSCI EAFE by 7.4% during the 4th 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 in the last quarter.

ProShares Short MSCI EAFE Stock Up 1.8%

EFZ traded up $0.21 on Friday, reaching $12.03. 316,231 shares of the company’s stock were exchanged, compared to its average volume of 96,939. The company’s 50 day moving average is $12.24 and its 200-day moving average is $12.46. ProShares Short MSCI EAFE has a twelve month low of $11.53 and a twelve month high of $14.54.

ProShares Short MSCI EAFE’s stock is going to reverse split before the market opens on Thursday, May 28th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, May 27th.

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.