ProShares Ultra MSCI EAFE (NYSEARCA:EFO) Short Interest Update

ProShares Ultra MSCI EAFE (NYSEARCA:EFO) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 4,361 shares, a drop of 59.6% from the May 14th total of 10,782 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 7,145 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On ProShares Ultra MSCI EAFE

Several hedge funds have recently added to or reduced their stakes in the business. Discipline Wealth Solutions LLC increased its holdings in shares of ProShares Ultra MSCI EAFE by 0.7% in the fourth quarter. Discipline Wealth Solutions LLC now owns 70,596 shares of the company’s stock valued at $4,507,000 after purchasing an additional 461 shares during the last quarter. PMV Capital Advisers LLC lifted its stake in shares of ProShares Ultra MSCI EAFE by 215.9% during the 1st quarter. PMV Capital Advisers LLC now owns 25,372 shares of the company’s stock worth $1,614,000 after buying an additional 17,341 shares during the last quarter. Susquehanna International Group LLP bought a new stake in shares of ProShares Ultra MSCI EAFE during the 3rd quarter worth about $515,000. Jane Street Group LLC acquired a new position in ProShares Ultra MSCI EAFE in the 2nd quarter valued at about $256,000. Finally, Osaic Holdings Inc. acquired a new stake in ProShares Ultra MSCI EAFE during the second quarter worth approximately $55,000.

ProShares Ultra MSCI EAFE Price Performance

NYSEARCA EFO opened at $72.15 on Friday. ProShares Ultra MSCI EAFE has a 12 month low of $51.90 and a 12 month high of $76.50. The stock has a 50 day moving average of $70.29 and a 200-day moving average of $67.98.

About ProShares Ultra MSCI EAFE

ProShares Ultra MSCI EAFE (the Fund) seeks daily investment results that correspond to twice (200%) 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 MSCI EAFE Index consists of 21 developed market country indexes, including Australia, Austria, Belgium, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom.