ProShares UltraShort Euro (NYSEARCA:EUO) Sees Significant Drop in Short Interest

ProShares UltraShort Euro (NYSEARCA:EUO) was the recipient of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 9,150 shares, a decrease of 34.5% from the May 14th total of 13,968 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average trading volume of 18,668 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. purchased a new position in shares of ProShares UltraShort Euro in the second quarter valued at $33,000. Jane Street Group LLC purchased a new position in shares of ProShares UltraShort Euro in the first quarter valued at $237,000. Finally, Verity Asset Management Inc. purchased a new position in shares of ProShares UltraShort Euro in the fourth quarter valued at $582,000.

ProShares UltraShort Euro Trading Down 0.1%

NYSEARCA:EUO traded down $0.04 during trading hours on Tuesday, hitting $29.68. The company’s stock had a trading volume of 2,930 shares, compared to its average volume of 42,503. The business’s 50-day moving average is $29.19 and its two-hundred day moving average is $28.87. ProShares UltraShort Euro has a 52-week low of $26.93 and a 52-week high of $30.75.

ProShares UltraShort Euro Company Profile

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.