ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) Short Interest Up 48.6% in August

ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 3,736 shares, a growth of 48.6% from the July 30th total of 2,514 shares. Based on an average daily volume of 4,772 shares, the short-interest ratio is currently 0.8 days. Approximately 2.2% of the company’s shares are short sold.

ProShares UltraShort MSCI EAFE Trading Down 1.0%

NYSEARCA EFU opened at $6.91 on Thursday. The firm’s 50 day moving average price is $7.07 and its two-hundred day moving average price is $7.66. ProShares UltraShort MSCI EAFE has a twelve month low of $6.67 and a twelve month high of $10.59.

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.