Short Interest in ProShares UltraShort FTSE Europe (NYSEARCA:EPV) Grows By 290.1%

ProShares UltraShort FTSE Europe (NYSEARCA:EPVGet Free Report) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 86,763 shares, an increase of 290.1% from the February 26th total of 22,241 shares. Approximately 16.4% of the shares of the company are short sold. Based on an average daily volume of 45,416 shares, the short-interest ratio is currently 1.9 days.

ProShares UltraShort FTSE Europe Trading Up 3.5%

Shares of EPV stock traded up $0.80 during mid-day trading on Thursday, reaching $23.34. The company’s stock had a trading volume of 70,631 shares, compared to its average volume of 37,383. The firm’s 50-day moving average is $20.56 and its two-hundred day moving average is $22.55. ProShares UltraShort FTSE Europe has a 1-year low of $18.67 and a 1-year high of $42.45.

ProShares UltraShort FTSE Europe Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be paid a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Wednesday, March 25th.

Institutional Trading of ProShares UltraShort FTSE Europe

Several hedge funds have recently modified their holdings of the company. Verity Asset Management Inc. increased its holdings in ProShares UltraShort FTSE Europe by 17.8% during the 4th quarter. Verity Asset Management Inc. now owns 21,833 shares of the company’s stock valued at $477,000 after purchasing an additional 3,302 shares in the last quarter. Two Sigma Securities LLC bought a new stake in ProShares UltraShort FTSE Europe during the 2nd quarter worth about $297,000. Finally, Jane Street Group LLC acquired a new position in ProShares UltraShort FTSE Europe in the fourth quarter valued at approximately $394,000.

ProShares UltraShort FTSE Europe Company Profile

(Get Free Report)

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.

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