ProShares UltraShort Euro (NYSEARCA:EUO – Get Free Report) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 22,141 shares, a growth of 84.1% from the June 15th total of 12,025 shares. Currently, 1.9% of the company’s stock are sold short. Based on an average daily volume of 22,327 shares, the days-to-cover ratio is currently 1.0 days.
Hedge Funds Weigh In On ProShares UltraShort Euro
Several large investors have recently bought and sold shares of the stock. Verity Asset Management Inc. bought a new stake in shares of ProShares UltraShort Euro during the fourth quarter worth approximately $582,000. Jane Street Group LLC bought a new position in shares of ProShares UltraShort Euro during the first quarter worth approximately $237,000. Finally, Osaic Holdings Inc. bought a new position in shares of ProShares UltraShort Euro during the second quarter worth approximately $33,000.
ProShares UltraShort Euro Price Performance
Shares of EUO stock opened at $30.63 on Friday. The stock’s 50 day simple moving average is $30.03 and its 200 day simple moving average is $29.22. ProShares UltraShort Euro has a twelve month low of $26.93 and a twelve month high of $31.13.
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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