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

ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 1,630 shares, a decrease of 95.8% from the May 14th total of 38,919 shares. Based on an average daily volume of 7,972 shares, the days-to-cover ratio is presently 0.2 days. Approximately 1.4% of the shares of the stock are short sold.

ProShares UltraShort MSCI EAFE Stock Up 0.5%

Shares of EFU traded up $0.04 during trading hours on Tuesday, hitting $7.79. The stock had a trading volume of 2,917 shares, compared to its average volume of 14,599. The company’s fifty day moving average is $7.86 and its two-hundred day moving average is $8.40. ProShares UltraShort MSCI EAFE has a 52 week low of $7.19 and a 52 week high of $11.64.

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.