ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) Short Interest Update

ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 38,919 shares, an increase of 275.8% from the April 30th total of 10,355 shares. Currently, 32.4% of the company’s stock are short sold. Based on an average daily volume of 10,800 shares, the short-interest ratio is presently 3.6 days.

ProShares UltraShort MSCI EAFE Stock Performance

ProShares UltraShort MSCI EAFE stock remained flat at $7.47 during mid-day trading on Friday. 1,248 shares of the company were exchanged, compared to its average volume of 14,820. The firm’s 50 day simple moving average is $8.07 and its 200 day simple moving average is $8.51. ProShares UltraShort MSCI EAFE has a 1-year low of $7.19 and a 1-year high of $11.64.

ProShares UltraShort MSCI EAFE Company Profile

ProShares UltraShort MSCI EAFE (the Fund) seeks daily investment results that correspond to twice (200%) 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 -200% of the daily return of the MSCI EAFE Index.