Short Interest in ProShares UltraShort Euro (NYSEARCA:EUO) Drops By 66.0%

ProShares UltraShort Euro (NYSEARCA:EUO) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 12,817 shares, a drop of 66.0% from the August 15th total of 37,721 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average trading volume of 14,485 shares, the short-interest ratio is currently 0.9 days.

Hedge Funds Weigh In On ProShares UltraShort Euro

A hedge fund recently bought a new position in ProShares UltraShort Euro stock. Jane Street Group LLC purchased a new stake in ProShares UltraShort Euro (NYSEARCA:EUO) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,335 shares of the company’s stock, valued at approximately $237,000. Jane Street Group LLC owned 0.64% of ProShares UltraShort Euro as of its most recent SEC filing.

ProShares UltraShort Euro Stock Up 0.3%

ProShares UltraShort Euro stock traded up $0.08 during midday trading on Friday, hitting $30.03. 3,486 shares of the stock were exchanged, compared to its average volume of 33,715. The company has a fifty day simple moving average of $30.25 and a two-hundred day simple moving average of $29.73. ProShares UltraShort Euro has a 52 week low of $26.93 and a 52 week high of $31.13.

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.