ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) Short Interest Up 147.6% in June

ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 4,036 shares, a growth of 147.6% from the May 31st total of 1,630 shares. Based on an average trading volume of 9,355 shares, the short-interest ratio is currently 0.4 days. Currently, 3.4% of the company’s shares are sold short.

ProShares UltraShort MSCI EAFE Stock Down 0.9%

Shares of NYSEARCA EFU traded down $0.06 during trading hours on Monday, reaching $7.40. The stock had a trading volume of 7,776 shares, compared to its average volume of 13,783. ProShares UltraShort MSCI EAFE has a 52-week low of $7.16 and a 52-week high of $11.45. The business’s fifty day moving average price is $7.65 and its two-hundred day moving average price is $8.19.

About ProShares UltraShort MSCI EAFE

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.