ProShares Short MSCI EAFE (NYSEARCA:EFZ) Sees Large Increase in Short Interest

ProShares Short MSCI EAFE (NYSEARCA:EFZ) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 11,073 shares, an increase of 126.6% from the April 15th total of 4,887 shares. Based on an average daily trading volume, of 161,948 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.9% of the company’s shares are short sold.

ProShares Short MSCI EAFE Trading Up 1.8%

EFZ opened at $12.03 on Friday. ProShares Short MSCI EAFE has a twelve month low of $11.53 and a twelve month high of $14.54. The company has a fifty day moving average of $12.24 and a 200-day moving average of $12.46.

ProShares Short MSCI EAFE’s stock is set to reverse split on Thursday, May 28th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, May 27th.

Institutional Investors Weigh In On ProShares Short MSCI EAFE

Large investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in shares of ProShares Short MSCI EAFE during the fourth quarter worth $147,000. SB Capital Management Inc acquired a new stake in ProShares Short MSCI EAFE in the fourth quarter worth $1,460,000. Finally, Ballew Advisors Inc grew its holdings in ProShares Short MSCI EAFE by 7.4% in the fourth quarter. Ballew Advisors Inc now owns 101,891 shares of the company’s stock worth $1,253,000 after purchasing an additional 7,058 shares during the period.

About ProShares Short MSCI EAFE

ProShares Short MSCI EAFE (the Fund) seeks daily investment results that correspond to the inverse (opposite) of 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 Fund takes positions in securities and/or financial instruments that, in combination, should have similar daily return characteristics as -100% of the daily return of the MSCI EAFE Index.