ProShares Short MSCI EAFE (NYSEARCA:EFZ) Sees Large Increase in Short Interest

ProShares Short MSCI EAFE (NYSEARCA:EFZ) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 11,073 shares, a growth of 126.6% from the April 15th total of 4,887 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 161,948 shares, the days-to-cover ratio is currently 0.1 days.

ProShares Short MSCI EAFE Trading Up 1.8%

Shares of NYSEARCA EFZ opened at $12.03 on Friday. The company has a 50-day moving average price of $12.24 and a 200-day moving average price of $12.46. ProShares Short MSCI EAFE has a 1 year low of $11.53 and a 1 year high of $14.54.

ProShares Short MSCI EAFE’s stock is going to reverse split on the morning of Thursday, May 28th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, May 27th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EFZ. Jane Street Group LLC bought a new stake in ProShares Short MSCI EAFE in the 4th quarter worth about $147,000. Ballew Advisors Inc grew its position in 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 purchasing an additional 7,058 shares in the last quarter. Finally, SB Capital Management Inc bought a new stake in ProShares Short MSCI EAFE in the 4th quarter worth about $1,460,000.

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.