ProShares UltraShort Euro (NYSEARCA:EUO) Short Interest Update

ProShares UltraShort Euro (NYSEARCA:EUO) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 9,150 shares, a decline of 34.5% from the May 14th total of 13,968 shares. Based on an average daily trading volume, of 18,668 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.7% of the shares of the company are sold short.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Osaic Holdings Inc. acquired a new position in shares of ProShares UltraShort Euro during the second quarter worth approximately $33,000. Jane Street Group LLC bought a new stake in shares of ProShares UltraShort Euro during the first quarter valued at approximately $237,000. Finally, Verity Asset Management Inc. bought a new stake in shares of ProShares UltraShort Euro during the fourth quarter valued at approximately $582,000.

ProShares UltraShort Euro Stock Up 0.3%

Shares of EUO stock traded up $0.08 during trading hours on Wednesday, reaching $29.73. 980 shares of the company’s stock were exchanged, compared to its average volume of 42,228. ProShares UltraShort Euro has a fifty-two week low of $26.93 and a fifty-two week high of $30.75. The business has a fifty day moving average price of $29.19 and a 200-day moving average price of $28.87.

About ProShares UltraShort Euro

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.