ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) Short Interest Up 48.6% in August

ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 3,736 shares, a growth of 48.6% from the July 30th total of 2,514 shares. Currently, 2.2% of the shares of the company are short sold. Based on an average trading volume of 4,772 shares, the days-to-cover ratio is presently 0.8 days.

ProShares UltraShort MSCI EAFE Price Performance

NYSEARCA EFU traded up $0.13 on Tuesday, reaching $6.98. 350 shares of the stock were exchanged, compared to its average volume of 11,294. ProShares UltraShort MSCI EAFE has a one year low of $6.67 and a one year high of $10.69. The company’s 50-day simple moving average is $7.10 and its two-hundred day simple moving average is $7.67.

ProShares UltraShort MSCI EAFE Company Profile

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.