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

ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 2,323 shares, a decrease of 42.4% from the June 15th total of 4,036 shares. Based on an average trading volume of 7,821 shares, the short-interest ratio is currently 0.3 days. Approximately 1.4% of the company’s stock are sold short.

ProShares UltraShort MSCI EAFE Price Performance

Shares of EFU traded up $0.06 during trading hours on Thursday, hitting $7.33. The company had a trading volume of 10,081 shares, compared to its average volume of 13,121. The firm has a fifty day moving average price of $7.50 and a 200-day moving average price of $8.01. ProShares UltraShort MSCI EAFE has a 52-week low of $7.06 and a 52-week high of $11.45.

About ProShares UltraShort MSCI EAFE

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.