ProShares Short MSCI EAFE (NYSEARCA:EFZ) Short Interest Down 47.5% in August

ProShares Short MSCI EAFE (NYSEARCA:EFZ) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 2,783 shares, a decrease of 47.5% from the August 15th total of 5,305 shares. Based on an average daily volume of 2,903 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.6% of the company’s stock are short sold.

ProShares Short MSCI EAFE Stock Up 0.4%

EFZ stock traded up $0.10 during midday trading on Wednesday, hitting $22.95. The company’s stock had a trading volume of 5,388 shares, compared to its average volume of 30,267. The company’s fifty day moving average price is $22.59 and its 200 day moving average price is $23.49. ProShares Short MSCI EAFE has a twelve month low of $21.94 and a twelve month high of $27.28.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EFZ. SB Capital Management Inc bought a new position in ProShares Short MSCI EAFE during the fourth quarter worth about $1,460,000. Hamilton Wealth LLC bought a new position in shares of ProShares Short MSCI EAFE during the 1st quarter worth approximately $314,000. Citadel Advisors LLC acquired a new position in shares of ProShares Short MSCI EAFE during the 2nd quarter worth approximately $214,000. Finally, Susquehanna International Group LLP increased its holdings in shares of ProShares Short MSCI EAFE by 40.3% during the 2nd quarter. Susquehanna International Group LLP now owns 28,599 shares of the company’s stock worth $657,000 after acquiring an additional 8,218 shares during the last quarter.

About ProShares Short MSCI EAFE

ProShares Short MSCI EAFE (the Fund) seeks daily investment results that correspond to 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 -100% of the daily return of the MSCI EAFE Index.