ProShares UltraShort FTSE Europe (NYSEARCA:EPV) Short Interest Update

ProShares UltraShort FTSE Europe (NYSEARCA:EPV) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 9,513 shares, a decline of 46.6% from the June 15th total of 17,821 shares. Based on an average trading volume of 14,671 shares, the days-to-cover ratio is currently 0.6 days. Approximately 1.5% of the shares of the company are short sold.

Institutional Trading of ProShares UltraShort FTSE Europe

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

ProShares UltraShort FTSE Europe Price Performance

Shares of NYSEARCA EPV traded down $0.09 during midday trading on Wednesday, reaching $18.27. 2,685 shares of the company traded hands, compared to its average volume of 40,177. ProShares UltraShort FTSE Europe has a 52 week low of $17.65 and a 52 week high of $28.01. The stock has a 50-day moving average price of $18.80 and a 200 day moving average price of $19.99.

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.