ProShares UltraShort FTSE Europe (NYSEARCA:EPV) Short Interest Down 94.3% in May

ProShares UltraShort FTSE Europe (NYSEARCA:EPV) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 20,631 shares, a decline of 94.3% from the April 30th total of 359,389 shares. Based on an average daily trading volume, of 46,587 shares, the days-to-cover ratio is currently 0.4 days. Currently, 2.8% of the shares of the company are short sold.

Hedge Funds Weigh In On ProShares UltraShort FTSE Europe

A number of hedge funds have recently bought and sold shares of EPV. Two Sigma Securities LLC purchased a new position in ProShares UltraShort FTSE Europe in the 2nd quarter worth about $297,000. Verity Asset Management Inc. raised its position in ProShares UltraShort FTSE Europe by 73.6% in the 3rd quarter. Verity Asset Management Inc. now owns 18,531 shares of the company’s stock worth $453,000 after buying an additional 7,857 shares during the last quarter. Jane Street Group LLC purchased a new position in ProShares UltraShort FTSE Europe in the 4th quarter worth about $394,000. Ferguson Shapiro LLC purchased a new stake in shares of ProShares UltraShort FTSE Europe during the 1st quarter valued at about $378,000. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of ProShares UltraShort FTSE Europe during the 1st quarter valued at about $82,000.

ProShares UltraShort FTSE Europe Price Performance

NYSEARCA:EPV traded up $0.04 during mid-day trading on Friday, reaching $18.72. The company’s stock had a trading volume of 21,965 shares, compared to its average volume of 47,553. ProShares UltraShort FTSE Europe has a 12-month low of $18.36 and a 12-month high of $28.60. The firm’s fifty day moving average price is $20.28 and its two-hundred day moving average price is $21.13.

About ProShares UltraShort FTSE Europe

The ProShares UltraShort FTSE Europe (EPV) is an exchange-traded fund that is based on the FTSE All Cap Developed Europe index. The fund provides a daily leveraged inverse (-2x) exposure to a market-cap-weighted index of European developed markets equities. EPV was launched on Jun 18, 2009 and is managed by ProShares.