ProShares UltraShort Euro (NYSEARCA:EUO – Get Free Report) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 13,242 shares, a growth of 94.3% from the April 15th total of 6,816 shares. Based on an average daily volume of 16,598 shares, the short-interest ratio is currently 0.8 days. Currently, 1.0% of the shares of the company are short sold.
ProShares UltraShort Euro Stock Down 0.4%
Shares of ProShares UltraShort Euro stock traded down $0.12 on Monday, hitting $29.33. The stock had a trading volume of 19,716 shares, compared to its average volume of 47,319. ProShares UltraShort Euro has a 52-week low of $26.93 and a 52-week high of $30.75. The company’s 50 day moving average price is $29.20 and its 200 day moving average price is $28.80.
Institutional Trading of ProShares UltraShort Euro
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. purchased a new stake in ProShares UltraShort Euro during the 2nd quarter valued at approximately $33,000. Jane Street Group LLC acquired a new position in ProShares UltraShort Euro during the 1st quarter worth approximately $237,000. Simplicity Wealth LLC acquired a new position in ProShares UltraShort Euro during the 3rd quarter worth approximately $378,000. New York Life Investment Management LLC increased its position in ProShares UltraShort Euro by 20.7% during the 3rd quarter. New York Life Investment Management LLC now owns 20,225 shares of the company’s stock worth $567,000 after purchasing an additional 3,464 shares during the period. Finally, Verity Asset Management Inc. acquired a new position in ProShares UltraShort Euro during the 4th quarter worth approximately $582,000.
ProShares UltraShort Euro Company Profile
The ProShares UltraShort Euro (EUO) is an exchange-traded fund that is based on the U.S. Dollar per Euro index. The fund provides a -200% exposure to the daily performance of the EUR spot price against the US dollar as measured by Bloomberg. EUO was launched on Nov 25, 2008 and is managed by ProShares.
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