ProShares Ultra MSCI EAFE (NYSEARCA:EFO) Short Interest Up 205.4% in January

ProShares Ultra MSCI EAFE (NYSEARCA:EFO) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 13,639 shares, an increase of 205.4% from the January 15th total of 4,466 shares. Currently, 3.2% of the shares of the stock are short sold. Based on an average daily volume of 7,434 shares, the days-to-cover ratio is currently 1.8 days. Based on an average daily volume of 7,434 shares, the days-to-cover ratio is currently 1.8 days. Currently, 3.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On ProShares Ultra MSCI EAFE

Several institutional investors and hedge funds have recently added to or reduced their stakes in EFO. Osaic Holdings Inc. purchased a new position in ProShares Ultra MSCI EAFE in the second quarter valued at about $55,000. Jane Street Group LLC purchased a new position in ProShares Ultra MSCI EAFE in the 2nd quarter worth approximately $256,000. Susquehanna International Group LLP acquired a new position in ProShares Ultra MSCI EAFE in the 3rd quarter worth $515,000. Finally, Discipline Wealth Solutions LLC purchased a new stake in ProShares Ultra MSCI EAFE during the 3rd quarter worth approximately $4,183,000.

ProShares Ultra MSCI EAFE Price Performance

EFO stock opened at $74.43 on Friday. ProShares Ultra MSCI EAFE has a fifty-two week low of $36.53 and a fifty-two week high of $75.90. The firm has a fifty day moving average price of $67.24 and a 200 day moving average price of $62.08.

About ProShares Ultra MSCI EAFE

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.