ProShares Short MSCI EAFE (NYSEARCA:EFZ) Sees Large Decrease in Short Interest

ProShares Short MSCI EAFE (NYSEARCA:EFZ) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 2,783 shares, a drop of 47.5% from the August 15th total of 5,305 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 2,903 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On ProShares Short MSCI EAFE

A number of large investors have recently added to or reduced their stakes in the company. SB Capital Management Inc acquired a new stake in shares of ProShares Short MSCI EAFE in the 4th quarter valued at about $1,460,000. Susquehanna International Group LLP grew its holdings in shares of ProShares Short MSCI EAFE by 40.3% during the second quarter. Susquehanna International Group LLP now owns 28,599 shares of the company’s stock worth $657,000 after buying an additional 8,218 shares in the last quarter. Hamilton Wealth LLC bought a new position in shares of ProShares Short MSCI EAFE during the first quarter worth about $314,000. Finally, Citadel Advisors LLC acquired a new stake in ProShares Short MSCI EAFE in the 2nd quarter valued at approximately $214,000.

ProShares Short MSCI EAFE Stock Up 0.4%

Shares of ProShares Short MSCI EAFE stock traded up $0.10 on Tuesday, hitting $22.85. The company had a trading volume of 3,298 shares, compared to its average volume of 30,409. The stock has a 50-day moving average of $22.59 and a 200-day moving average of $23.49. ProShares Short MSCI EAFE has a twelve month low of $21.94 and a twelve month high of $27.28.

ProShares Short MSCI EAFE Company Profile

ProShares Short MSCI EAFE (the Fund) seeks daily investment results that correspond to 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 -100% of the daily return of the MSCI EAFE Index.