ProShares Short MSCI EAFE (NYSEARCA:EFZ) Sees Significant Decline in Short Interest

ProShares Short MSCI EAFE (NYSEARCA:EFZ) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 397 shares, a decline of 42.3% from the September 30th total of 688 shares. Based on an average daily volume of 12,907 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Citadel Advisors LLC purchased a new stake in ProShares Short MSCI EAFE during the second quarter valued at $214,000. Hamilton Wealth LLC bought a new position in ProShares Short MSCI EAFE in the first quarter valued at about $314,000. Finally, Susquehanna International Group LLP boosted its position in ProShares Short MSCI EAFE by 40.3% in the second quarter. Susquehanna International Group LLP now owns 28,599 shares of the company’s stock worth $657,000 after purchasing an additional 8,218 shares during the last quarter.

ProShares Short MSCI EAFE Price Performance

EFZ stock traded up $0.23 during trading on Friday, reaching $23.23. The company had a trading volume of 45,256 shares, compared to its average volume of 27,237. ProShares Short MSCI EAFE has a 52 week low of $21.94 and a 52 week high of $27.28. The business has a 50 day moving average of $22.82 and a 200 day moving average of $23.49.

ProShares Short MSCI EAFE Company Profile

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.