ProShares UltraShort Euro (NYSEARCA:EUO) Sees Significant Decrease in Short Interest

ProShares UltraShort Euro (NYSEARCA:EUO) saw a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 26,066 shares, a decrease of 92.0% from the October 15th total of 327,210 shares. Based on an average daily volume of 29,492 shares, the short-interest ratio is presently 0.9 days. Currently, 2.2% of the company’s stock are short sold.

Institutional Trading of ProShares UltraShort Euro

Institutional investors and hedge funds have recently made changes to their positions in the stock. Verity Asset Management Inc. purchased a new stake in shares of ProShares UltraShort Euro in the 3rd quarter valued at approximately $406,000. Simplex Trading LLC bought a new position in ProShares UltraShort Euro in the 3rd quarter worth approximately $34,000. Finally, Team Financial Group LLC bought a new position in ProShares UltraShort Euro during the third quarter valued at about $29,000.

ProShares UltraShort Euro Stock Up 0.8%

EUO traded up $0.26 during trading on Thursday, reaching $33.32. 28,926 shares of the stock were exchanged, compared to its average volume of 33,669. The business’s 50 day moving average price is $31.69 and its two-hundred day moving average price is $30.04. ProShares UltraShort Euro has a 1 year low of $26.93 and a 1 year high of $33.36.

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.