ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) Stock Short Interest Climbs 99.2%

ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 4,065 shares, an increase of 99.2% from the September 30th total of 2,041 shares. Approximately 2.4% of the company’s shares are sold short. Based on an average daily trading volume, of 9,250 shares, the days-to-cover ratio is presently 0.4 days.

ProShares UltraShort MSCI EAFE Trading Down 0.9%

Shares of EFU opened at $7.34 on Tuesday. The firm has a 50-day simple moving average of $7.16 and a two-hundred day simple moving average of $7.62. ProShares UltraShort MSCI EAFE has a 1-year low of $6.67 and a 1-year high of $10.42.

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.