ProShares Ultra MSCI EAFE (NYSEARCA:EFO) Short Interest Update

ProShares Ultra MSCI EAFE (NYSEARCA:EFO) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 3,949 shares, an increase of 561.5% from the July 30th total of 597 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 3,823 shares, the days-to-cover ratio is presently 1.0 days.

ProShares Ultra MSCI EAFE Stock Down 0.5%

Shares of EFO opened at $78.00 on Friday. The company’s 50 day moving average price is $74.84 and its 200 day moving average price is $71.60. ProShares Ultra MSCI EAFE has a 52 week low of $56.23 and a 52 week high of $80.05.

Institutional Investors Weigh In On ProShares Ultra MSCI EAFE

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PMV Capital Advisers LLC grew its holdings in shares of 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 worth $1,614,000 after purchasing an additional 17,341 shares during the period. Susquehanna International Group LLP purchased a new stake in ProShares Ultra MSCI EAFE in the 3rd quarter valued at about $515,000. Jane Street Group LLC purchased a new stake in ProShares Ultra MSCI EAFE in the 2nd quarter valued at about $256,000. Innova Wealth Partners acquired a new position in ProShares Ultra MSCI EAFE in the first quarter valued at about $236,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in ProShares Ultra MSCI EAFE in the first quarter valued at about $75,000.

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.