ProShares Ultra MSCI EAFE (NYSEARCA:EFO) Sees Large Growth in Short Interest

ProShares Ultra MSCI EAFE (NYSEARCA:EFO) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 3,949 shares, a growth of 561.5% from the July 30th total of 597 shares. Currently, 1.0% of the company’s shares are short sold. Based on an average daily volume of 3,823 shares, the days-to-cover ratio is presently 1.0 days.

ProShares Ultra MSCI EAFE Trading Down 0.6%

NYSEARCA EFO traded down $0.46 during trading hours on Thursday, hitting $77.97. 1,218 shares of the company’s stock were exchanged, compared to its average volume of 8,074. The stock has a 50-day simple moving average of $74.76 and a 200 day simple moving average of $71.56. ProShares Ultra MSCI EAFE has a 1-year low of $56.23 and a 1-year high of $80.05.

Institutional Trading of ProShares Ultra MSCI EAFE

Several large investors have recently modified their holdings of EFO. Osaic Holdings Inc. bought a new stake in shares of ProShares Ultra MSCI EAFE in the 2nd quarter valued at $55,000. Cassaday & Co Wealth Management LLC bought a new position in ProShares Ultra MSCI EAFE during the first quarter worth $75,000. Innova Wealth Partners acquired a new stake in ProShares Ultra MSCI EAFE in the first quarter worth $236,000. Jane Street Group LLC acquired a new stake in ProShares Ultra MSCI EAFE in the second quarter worth $256,000. Finally, Susquehanna International Group LLP bought a new stake in ProShares Ultra MSCI EAFE in the third quarter valued at $515,000.

ProShares Ultra MSCI EAFE Company Profile

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.