Short Interest in ProShares UltraShort Euro (NYSEARCA:EUO) Drops By 66.0%

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

Institutional Trading of ProShares UltraShort Euro

An institutional investor recently bought a new stake in ProShares UltraShort Euro stock. Osaic Holdings Inc. bought a new stake in ProShares UltraShort Euro (NYSEARCA:EUO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

ProShares UltraShort Euro Trading Up 0.3%

Shares of EUO traded up $0.08 during trading hours on Friday, hitting $30.03. 3,486 shares of the stock traded hands, compared to its average volume of 33,715. ProShares UltraShort Euro has a 1-year low of $26.93 and a 1-year high of $31.13. The business has a fifty day moving average of $30.25 and a 200-day moving average of $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.