Short Interest in ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) Expands By 275.8%

ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 38,919 shares, a growth of 275.8% from the April 30th total of 10,355 shares. Approximately 32.4% of the company’s stock are short sold. Based on an average trading volume of 10,800 shares, the short-interest ratio is currently 3.6 days.

ProShares UltraShort MSCI EAFE Stock Performance

ProShares UltraShort MSCI EAFE stock remained flat at $7.47 during midday trading on Friday. The company had a trading volume of 1,248 shares, compared to its average volume of 14,820. The stock has a fifty day simple moving average of $8.07 and a two-hundred day simple moving average of $8.51. ProShares UltraShort MSCI EAFE has a 12-month low of $7.19 and a 12-month high of $11.64.

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.