ProShares UltraShort Euro (NYSEARCA:EUO – Get Free Report) saw a significant decrease in short interest in October. As of October 30th, there was short interest totaling 26,066 shares, a decrease of 92.0% from the October 15th total of 327,210 shares. Based on an average daily volume of 29,492 shares, the days-to-cover ratio is presently 0.9 days. Currently, 2.2% of the shares of the company are sold short.
Institutional Investors Weigh In On ProShares UltraShort Euro
Institutional investors and hedge funds have recently bought and sold shares of the business. Verity Asset Management Inc. bought a new stake in shares of ProShares UltraShort Euro in the 3rd quarter valued at about $406,000. Simplex Trading LLC bought a new stake in ProShares UltraShort Euro in the 3rd quarter valued at $34,000. Finally, Team Financial Group LLC bought a new stake in ProShares UltraShort Euro in the 3rd quarter valued at $29,000.
ProShares UltraShort Euro Price Performance
NYSEARCA EUO traded up $0.36 on Tuesday, reaching $32.69. The company’s stock had a trading volume of 25,435 shares, compared to its average volume of 33,795. ProShares UltraShort Euro has a twelve month low of $26.93 and a twelve month high of $32.83. The firm’s 50 day moving average is $31.57 and its two-hundred day moving average is $29.99.
ProShares UltraShort Euro Company Profile
The ProShares UltraShort Euro (EUO) is an exchange-traded fund that is based on the U.S. Dollar per Euro index. The fund provides a -200% exposure to the daily performance of the EUR spot price against the US dollar as measured by Bloomberg. EUO was launched on Nov 25, 2008 and is managed by ProShares.
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