ProShares UltraShort FTSE Europe (NYSEARCA:EPV) Short Interest Up 1,103.3% in April

ProShares UltraShort FTSE Europe (NYSEARCA:EPV) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 359,389 shares, an increase of 1,103.3% from the April 15th total of 29,866 shares. Approximately 49.2% of the shares of the company are short sold. Based on an average trading volume of 72,751 shares, the short-interest ratio is currently 4.9 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EPV. Two Sigma Securities LLC bought a new position in shares of ProShares UltraShort FTSE Europe during the second quarter valued at $297,000. Verity Asset Management Inc. raised its holdings in shares of ProShares UltraShort FTSE Europe by 73.6% in the third quarter. Verity Asset Management Inc. now owns 18,531 shares of the company’s stock valued at $453,000 after buying an additional 7,857 shares during the last quarter. Jane Street Group LLC bought a new stake in ProShares UltraShort FTSE Europe during the 4th quarter worth about $394,000. Ferguson Shapiro LLC bought a new stake in ProShares UltraShort FTSE Europe during the 1st quarter worth about $378,000. Finally, Geneos Wealth Management Inc. bought a new stake in ProShares UltraShort FTSE Europe during the 1st quarter worth about $82,000.

ProShares UltraShort FTSE Europe Stock Performance

Shares of ProShares UltraShort FTSE Europe stock opened at $19.22 on Tuesday. ProShares UltraShort FTSE Europe has a 1 year low of $18.52 and a 1 year high of $29.74. The company’s fifty day simple moving average is $20.87 and its 200-day simple moving average is $21.60.

About ProShares UltraShort FTSE Europe

The ProShares UltraShort FTSE Europe (EPV) is an exchange-traded fund that is based on the FTSE All Cap Developed Europe index. The fund provides a daily leveraged inverse (-2x) exposure to a market-cap-weighted index of European developed markets equities. EPV was launched on Jun 18, 2009 and is managed by ProShares.