ProShares Ultra MSCI EAFE (NYSEARCA:EFO) Short Interest Down 89.3% in July

ProShares Ultra MSCI EAFE (NYSEARCA:EFO) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 597 shares, a decrease of 89.3% from the July 15th total of 5,596 shares. Based on an average trading volume of 3,848 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. PMV Capital Advisers LLC raised its holdings in shares of ProShares Ultra MSCI EAFE by 215.9% in the first quarter. PMV Capital Advisers LLC now owns 25,372 shares of the company’s stock worth $1,614,000 after buying an additional 17,341 shares during the period. Discipline Wealth Solutions LLC lifted its stake in shares of ProShares Ultra MSCI EAFE by 0.7% during the 4th quarter. Discipline Wealth Solutions LLC now owns 70,596 shares of the company’s stock worth $4,507,000 after acquiring an additional 461 shares during the last quarter. Susquehanna International Group LLP bought a new stake in shares of ProShares Ultra MSCI EAFE during the 3rd quarter worth approximately $515,000. Cassaday & Co Wealth Management LLC purchased a new position in ProShares Ultra MSCI EAFE during the 1st quarter valued at $75,000. Finally, Innova Wealth Partners purchased a new position in ProShares Ultra MSCI EAFE during the 1st quarter valued at $236,000.

ProShares Ultra MSCI EAFE Stock Performance

ProShares Ultra MSCI EAFE stock opened at $79.23 on Friday. The firm has a 50-day moving average price of $73.55 and a 200-day moving average price of $71.07. ProShares Ultra MSCI EAFE has a 12-month low of $56.23 and a 12-month high of $80.05.

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.