ProShares Short MSCI EAFE (NYSEARCA:EFZ – Get Free Report) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 28,630 shares, a growth of 230.0% from the May 31st total of 8,675 shares. Currently, 4.4% of the company’s stock are short sold. Based on an average daily trading volume, of 19,580 shares, the days-to-cover ratio is presently 1.5 days.
ProShares Short MSCI EAFE Price Performance
Shares of NYSEARCA EFZ traded up $0.04 during midday trading on Friday, hitting $23.20. 6,995 shares of the company’s stock were exchanged, compared to its average volume of 41,244. ProShares Short MSCI EAFE has a twelve month low of $22.86 and a twelve month high of $28.60. The firm’s fifty day simple moving average is $23.59 and its 200-day simple moving average is $24.30.
Hedge Funds Weigh In On ProShares Short MSCI EAFE
Hedge funds have recently modified their holdings of the business. Hamilton Wealth LLC acquired a new stake in ProShares Short MSCI EAFE during the 1st quarter worth $314,000. SB Capital Management Inc acquired a new stake in shares of ProShares Short MSCI EAFE in the 4th quarter valued at approximately $1,460,000. Jane Street Group LLC purchased a new stake in shares of ProShares Short MSCI EAFE during the 4th quarter worth $147,000. Finally, Ballew Advisors Inc grew its position in ProShares Short MSCI EAFE by 7.4% during the fourth quarter. Ballew Advisors Inc now owns 101,891 shares of the company’s stock worth $1,253,000 after buying an additional 7,058 shares during the period.
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.
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