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

ProShares UltraShort Euro (NYSEARCA:EUO) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 12,817 shares, a drop of 66.0% from the August 15th total of 37,721 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average daily volume of 14,485 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of ProShares UltraShort Euro

A hedge fund recently bought a new stake in ProShares UltraShort Euro stock. Osaic Holdings Inc. bought a new position in shares of ProShares UltraShort Euro (NYSEARCA:EUO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,185 shares of the company’s stock, valued at approximately $33,000. Osaic Holdings Inc. owned about 0.10% of ProShares UltraShort Euro as of its most recent filing with the Securities and Exchange Commission (SEC).

ProShares UltraShort Euro Price Performance

EUO traded up $0.08 during trading hours on Friday, reaching $30.03. 3,486 shares of the stock traded hands, compared to its average volume of 33,715. ProShares UltraShort Euro has a fifty-two week low of $26.93 and a fifty-two week high of $31.13. The firm’s fifty day simple moving average is $30.25 and its two-hundred day simple moving average is $29.73.

About ProShares UltraShort Euro

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.