Short Interest in ProShares Short MSCI EAFE (NYSEARCA:EFZ) Decreases By 51.9%

ProShares Short MSCI EAFE (NYSEARCA:EFZGet Free Report) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 1,179 shares, a drop of 51.9% from the June 30th total of 2,453 shares. Based on an average daily volume of 6,100 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are sold short.

ProShares Short MSCI EAFE Stock Down 1.8%

Shares of EFZ stock traded down $0.42 during trading hours on Thursday, reaching $22.69. 2,247 shares of the stock traded hands, compared to its average volume of 36,359. The business has a fifty day moving average price of $23.22 and a 200 day moving average price of $23.88. ProShares Short MSCI EAFE has a 1-year low of $22.44 and a 1-year high of $28.60.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new position in shares of ProShares Short MSCI EAFE during the 4th quarter valued at $147,000. Hamilton Wealth LLC purchased a new position in ProShares Short MSCI EAFE in the first quarter valued at about $314,000. Finally, SB Capital Management Inc acquired a new position in ProShares Short MSCI EAFE in the 4th quarter worth about $1,460,000.

About ProShares Short MSCI EAFE

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for ProShares Short MSCI EAFE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Short MSCI EAFE and related companies with MarketBeat.com's FREE daily email newsletter.