ProShares UltraShort FTSE Europe (NYSEARCA:EPV) Sees Significant Drop in Short Interest

ProShares UltraShort FTSE Europe (NYSEARCA:EPV) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 9,513 shares, a drop of 46.6% from the June 15th total of 17,821 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average trading volume of 14,671 shares, the days-to-cover ratio is currently 0.6 days.

ProShares UltraShort FTSE Europe Stock Performance

Shares of EPV stock traded down $0.09 on Wednesday, hitting $18.27. 2,685 shares of the stock traded hands, compared to its average volume of 40,177. The company’s fifty day moving average is $18.80 and its 200 day moving average is $19.99. ProShares UltraShort FTSE Europe has a 1-year low of $17.65 and a 1-year high of $28.01.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Verity Asset Management Inc. raised its stake in ProShares UltraShort FTSE Europe by 17.8% during the fourth quarter. Verity Asset Management Inc. now owns 21,833 shares of the company’s stock worth $477,000 after acquiring an additional 3,302 shares during the period. Jane Street Group LLC acquired a new position in ProShares UltraShort FTSE Europe in the fourth quarter valued at approximately $394,000. Ferguson Shapiro LLC acquired a new position in ProShares UltraShort FTSE Europe in the first quarter valued at approximately $378,000. Two Sigma Securities LLC bought a new position in shares of ProShares UltraShort FTSE Europe during the second quarter valued at approximately $297,000. Finally, Geneos Wealth Management Inc. bought a new position in shares of ProShares UltraShort FTSE Europe during the first quarter valued at approximately $82,000.

ProShares UltraShort FTSE Europe Company Profile

The ProShares UltraShort FTSE Europe (EPV) is an exchange-traded fund that is based on the FTSE All Cap Developed Europe index. The fund provides a daily leveraged inverse (-2x) exposure to a market-cap-weighted index of European developed markets equities. EPV was launched on Jun 18, 2009 and is managed by ProShares.