ProShares Short MSCI EAFE (NYSEARCA:EFZ – Get Free Report) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 1,179 shares, a decline of 51.9% from the June 30th total of 2,453 shares. Based on an average trading volume of 6,100 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are sold short.
Hedge Funds Weigh In On ProShares Short MSCI EAFE
Several large investors have recently bought and sold shares of EFZ. Hamilton Wealth LLC acquired a new stake in ProShares Short MSCI EAFE in the first quarter valued at $314,000. SB Capital Management Inc acquired a new position in shares of ProShares Short MSCI EAFE during the 4th quarter worth about $1,460,000. Finally, Jane Street Group LLC acquired a new position in shares of ProShares Short MSCI EAFE during the 4th quarter worth about $147,000.
ProShares Short MSCI EAFE Trading Down 0.1%
Shares of NYSEARCA:EFZ traded down $0.02 during trading hours on Tuesday, reaching $23.13. The stock had a trading volume of 2,876 shares, compared to its average volume of 36,584. ProShares Short MSCI EAFE has a 1 year low of $22.60 and a 1 year high of $28.60. The firm’s 50 day moving average is $23.27 and its 200-day moving average is $23.92.
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.
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