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

ProShares Ultra MSCI EAFE (NYSEARCA:EFO) saw a significant decline in short interest in February. As of February 27th, there was short interest totaling 5,957 shares, a decline of 50.8% from the February 12th total of 12,108 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average trading volume of 12,200 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 12,200 shares, the short-interest ratio is currently 0.5 days. Approximately 1.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC bought a new stake in shares of ProShares Ultra MSCI EAFE in the second quarter worth about $256,000. Osaic Holdings Inc. bought a new position in shares of ProShares Ultra MSCI EAFE during the second quarter valued at $55,000. Discipline Wealth Solutions LLC purchased a new position in ProShares Ultra MSCI EAFE in the third quarter worth about $4,183,000. Finally, Susquehanna International Group LLP bought a new position in ProShares Ultra MSCI EAFE in the 3rd quarter valued at approximately $515,000.

ProShares Ultra MSCI EAFE Stock Performance

Shares of NYSEARCA:EFO traded down $1.19 on Friday, hitting $63.33. The company’s stock had a trading volume of 7,653 shares, compared to its average volume of 10,093. The company has a 50-day simple moving average of $70.32 and a 200 day simple moving average of $64.11. ProShares Ultra MSCI EAFE has a 1 year low of $36.53 and a 1 year high of $76.50.

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.