ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) Sees Large Increase in Short Interest

ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 10,355 shares, a growth of 101.3% from the April 15th total of 5,143 shares. Based on an average daily volume of 13,247 shares, the short-interest ratio is presently 0.8 days. Approximately 8.6% of the shares of the stock are sold short.

ProShares UltraShort MSCI EAFE Price Performance

Shares of EFU stock traded up $0.27 during midday trading on Friday, reaching $8.01. 6,883 shares of the company traded hands, compared to its average volume of 15,488. The firm’s 50 day simple moving average is $8.29 and its two-hundred day simple moving average is $8.65. ProShares UltraShort MSCI EAFE has a 1-year low of $7.19 and a 1-year high of $11.86.

ProShares UltraShort MSCI EAFE Company Profile

ProShares UltraShort MSCI EAFE (the Fund) seeks daily investment results that correspond to twice (200%) 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 -200% of the daily return of the MSCI EAFE Index.