ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) Sees Large Decline in Short Interest

ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 2,041 shares, a decline of 59.7% from the September 15th total of 5,068 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 6,805 shares, the short-interest ratio is currently 0.3 days.

ProShares UltraShort MSCI EAFE Stock Up 1.6%

ProShares UltraShort MSCI EAFE stock traded up $0.12 during trading hours on Wednesday, hitting $7.46. 2,261 shares of the company traded hands, compared to its average volume of 11,152. The firm’s 50-day simple moving average is $6.99 and its two-hundred day simple moving average is $7.42. 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.