ProShares Ultra MSCI EAFE (NYSEARCA:EFO) Sees Significant Increase in Short Interest

ProShares Ultra MSCI EAFE (NYSEARCA:EFO) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 13,639 shares, a growth of 205.4% from the January 15th total of 4,466 shares. Approximately 3.2% of the company’s shares are sold short. Based on an average daily volume of 7,434 shares, the days-to-cover ratio is currently 1.8 days. Based on an average daily volume of 7,434 shares, the days-to-cover ratio is currently 1.8 days. Approximately 3.2% of the company’s shares are sold short.

Institutional Investors Weigh In On ProShares Ultra MSCI EAFE

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EFO. Jane Street Group LLC purchased a new position in shares of ProShares Ultra MSCI EAFE during the 2nd quarter worth $256,000. Osaic Holdings Inc. purchased a new position in ProShares Ultra MSCI EAFE during the second quarter worth about $55,000. Discipline Wealth Solutions LLC acquired a new stake in shares of ProShares Ultra MSCI EAFE during the third quarter valued at about $4,183,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of ProShares Ultra MSCI EAFE in the 3rd quarter valued at approximately $515,000.

ProShares Ultra MSCI EAFE Stock Performance

Shares of ProShares Ultra MSCI EAFE stock traded up $0.12 during mid-day trading on Friday, hitting $74.43. The stock had a trading volume of 2,529 shares, compared to its average volume of 8,534. The firm has a 50-day moving average of $67.24 and a two-hundred day moving average of $62.08. ProShares Ultra MSCI EAFE has a 12-month low of $36.53 and a 12-month high of $75.90.

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.