Short Interest in ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) Drops By 42.4%

ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 2,323 shares, a decrease of 42.4% from the June 15th total of 4,036 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average daily trading volume, of 7,821 shares, the days-to-cover ratio is currently 0.3 days.

ProShares UltraShort MSCI EAFE Stock Up 1.6%

Shares of EFU stock traded up $0.12 during mid-day trading on Friday, reaching $7.44. 5,001 shares of the company were exchanged, compared to its average volume of 13,076. The business’s 50 day simple moving average is $7.49 and its 200 day simple moving average is $8.00. ProShares UltraShort MSCI EAFE has a fifty-two week low of $7.06 and a fifty-two week high of $11.45.

About ProShares UltraShort MSCI EAFE

ProShares UltraShort MSCI EAFE (the Fund) seeks daily investment results that correspond to twice (200%) 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 -200% of the daily return of the MSCI EAFE Index.