ProShares Ultra MSCI EAFE (NYSEARCA:EFO) Sees Large Decrease in Short Interest

ProShares Ultra MSCI EAFE (NYSEARCA:EFO) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 597 shares, a drop of 89.3% from the July 15th total of 5,596 shares. Based on an average daily volume of 3,848 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

ProShares Ultra MSCI EAFE Stock Performance

Shares of EFO traded up $0.53 during trading on Wednesday, reaching $78.81. The company’s stock had a trading volume of 333 shares, compared to its average volume of 8,449. The company has a fifty day moving average of $73.29 and a two-hundred day moving average of $70.92. ProShares Ultra MSCI EAFE has a twelve month low of $56.23 and a twelve month high of $80.05.

Institutional Trading of ProShares Ultra MSCI EAFE

Several institutional investors have recently added to or reduced their stakes in EFO. Osaic Holdings Inc. acquired a new position in ProShares Ultra MSCI EAFE during the 2nd quarter worth $55,000. Cassaday & Co Wealth Management LLC bought a new position in shares of ProShares Ultra MSCI EAFE during the first quarter worth about $75,000. Innova Wealth Partners acquired a new position in ProShares Ultra MSCI EAFE in the first quarter worth about $236,000. Jane Street Group LLC acquired a new position in ProShares Ultra MSCI EAFE in the second quarter worth about $256,000. Finally, Susquehanna International Group LLP acquired a new position in ProShares Ultra MSCI EAFE in the third quarter worth about $515,000.

ProShares Ultra MSCI EAFE Company Profile

ProShares Ultra MSCI EAFE (the Fund) seeks daily investment results that correspond to twice (200%) 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 MSCI EAFE Index consists of 21 developed market country indexes, including Australia, Austria, Belgium, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom.