ProShares Short MSCI EAFE (NYSEARCA:EFZ) Sees Significant Drop in Short Interest

ProShares Short MSCI EAFE (NYSEARCA:EFZ) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 2,783 shares, a decline of 47.5% from the August 15th total of 5,305 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 2,903 shares, the days-to-cover ratio is currently 1.0 days.

ProShares Short MSCI EAFE Stock Performance

Shares of EFZ traded down $0.27 during trading hours on Thursday, hitting $22.68. The stock had a trading volume of 5,388 shares, compared to its average volume of 30,267. The firm has a 50-day moving average price of $22.59 and a 200 day moving average price of $23.49. ProShares Short MSCI EAFE has a fifty-two week low of $21.94 and a fifty-two week high of $27.28.

Institutional Investors Weigh In On ProShares Short MSCI EAFE

Several hedge funds have recently modified their holdings of EFZ. Citadel Advisors LLC purchased a new position in ProShares Short MSCI EAFE during the second quarter valued at $214,000. Susquehanna International Group LLP increased its stake in shares of ProShares Short MSCI EAFE by 40.3% during the second quarter. Susquehanna International Group LLP now owns 28,599 shares of the company’s stock worth $657,000 after purchasing an additional 8,218 shares in the last quarter. Hamilton Wealth LLC purchased a new stake in shares of ProShares Short MSCI EAFE during the first quarter worth about $314,000. Finally, SB Capital Management Inc acquired a new position in shares of ProShares Short MSCI EAFE during the 4th quarter worth about $1,460,000.

ProShares Short MSCI EAFE Company Profile

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.