Short Interest in ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) Decreases By 95.8%

ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 1,630 shares, a decrease of 95.8% from the May 14th total of 38,919 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average trading volume of 7,972 shares, the days-to-cover ratio is presently 0.2 days.

ProShares UltraShort MSCI EAFE Price Performance

Shares of EFU traded down $0.51 during trading hours on Thursday, hitting $7.48. The company’s stock had a trading volume of 6,173 shares, compared to its average volume of 14,446. The business has a 50 day simple moving average of $7.83 and a two-hundred day simple moving average of $8.39. ProShares UltraShort MSCI EAFE has a 52-week low of $7.19 and a 52-week high of $11.64.

ProShares UltraShort MSCI EAFE Company Profile

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.