ProShares Short MSCI EAFE (NYSEARCA:EFZ) Short Interest Up 230.0% in June

ProShares Short MSCI EAFE (NYSEARCA:EFZ) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 28,630 shares, an increase of 230.0% from the May 31st total of 8,675 shares. Based on an average trading volume of 19,580 shares, the days-to-cover ratio is presently 1.5 days. Currently, 4.4% of the company’s stock are short sold.

Institutional Investors Weigh In On ProShares Short MSCI EAFE

Institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new stake in ProShares Short MSCI EAFE in the 4th quarter valued at $147,000. Hamilton Wealth LLC purchased a new position in ProShares Short MSCI EAFE during the 1st quarter worth $314,000. Ballew Advisors Inc grew its stake in shares of ProShares Short MSCI EAFE by 7.4% in the 4th quarter. Ballew Advisors Inc now owns 101,891 shares of the company’s stock worth $1,253,000 after acquiring an additional 7,058 shares in the last quarter. Finally, SB Capital Management Inc bought a new stake in shares of ProShares Short MSCI EAFE in the 4th quarter worth $1,460,000.

ProShares Short MSCI EAFE Price Performance

EFZ stock traded down $0.09 during mid-day trading on Monday, reaching $23.11. 884 shares of the company traded hands, compared to its average volume of 40,912. The firm’s 50 day moving average price is $23.58 and its 200 day moving average price is $24.26. ProShares Short MSCI EAFE has a fifty-two week low of $22.86 and a fifty-two week high of $28.60.

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.