ProShares Short MSCI EAFE (NYSEARCA:EFZ) Sees Significant Decrease in Short Interest

ProShares Short MSCI EAFE (NYSEARCA:EFZ) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 1,179 shares, a decrease of 51.9% from the June 30th total of 2,453 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 6,100 shares, the days-to-cover ratio is presently 0.2 days.

ProShares Short MSCI EAFE Stock Down 0.1%

EFZ stock traded down $0.02 during midday trading on Tuesday, reaching $23.13. 2,876 shares of the company were exchanged, compared to its average volume of 36,584. ProShares Short MSCI EAFE has a 1-year low of $22.60 and a 1-year high of $28.60. The stock’s 50-day simple moving average is $23.27 and its 200 day simple moving average is $23.92.

Institutional Investors Weigh In On ProShares Short MSCI EAFE

Several hedge funds and other institutional investors have recently bought and sold shares of EFZ. SB Capital Management Inc purchased a new stake in ProShares Short MSCI EAFE in the fourth quarter valued at $1,460,000. Jane Street Group LLC purchased a new position in shares of ProShares Short MSCI EAFE during the fourth quarter worth about $147,000. Finally, Hamilton Wealth LLC acquired a new stake in shares of ProShares Short MSCI EAFE during the first quarter worth about $314,000.

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.