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

ProShares Ultra MSCI EAFE (NYSEARCA:EFO) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 2,559 shares, a decline of 40.7% from the August 31st total of 4,318 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average trading volume of 6,967 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On ProShares Ultra MSCI EAFE

Institutional investors have recently modified their holdings of the company. PMV Capital Advisers LLC boosted its holdings in ProShares Ultra MSCI EAFE by 215.9% during the 1st quarter. PMV Capital Advisers LLC now owns 25,372 shares of the company’s stock valued at $1,614,000 after acquiring an additional 17,341 shares during the period. Innova Wealth Partners purchased a new stake in ProShares Ultra MSCI EAFE during the first quarter worth about $236,000. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in ProShares Ultra MSCI EAFE during the first quarter worth about $75,000.

ProShares Ultra MSCI EAFE Stock Performance

Shares of EFO stock opened at $72.41 on Wednesday. The firm’s 50 day moving average price is $76.00 and its 200-day moving average price is $72.04. ProShares Ultra MSCI EAFE has a one year low of $56.39 and a one year high of $80.05.

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.