ProShares Ultra MSCI EAFE (NYSEARCA:EFO) Sees Large Decrease in Short Interest

ProShares Ultra MSCI EAFE (NYSEARCA:EFO) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 597 shares, a drop of 89.3% from the July 15th total of 5,596 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 3,848 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of ProShares Ultra MSCI EAFE

A number of institutional investors and hedge funds have recently modified their holdings of the business. Discipline Wealth Solutions LLC grew its holdings in shares of ProShares Ultra MSCI EAFE by 0.7% during the fourth quarter. Discipline Wealth Solutions LLC now owns 70,596 shares of the company’s stock valued at $4,507,000 after purchasing an additional 461 shares during the last quarter. Osaic Holdings Inc. bought a new stake in shares of ProShares Ultra MSCI EAFE in the 2nd quarter worth approximately $55,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of ProShares Ultra MSCI EAFE in the 1st quarter worth approximately $75,000. Innova Wealth Partners acquired a new position in ProShares Ultra MSCI EAFE during the 1st quarter valued at approximately $236,000. Finally, Jane Street Group LLC acquired a new position in ProShares Ultra MSCI EAFE during the 2nd quarter valued at approximately $256,000.

ProShares Ultra MSCI EAFE Price Performance

Shares of NYSEARCA EFO traded up $0.53 during trading on Wednesday, reaching $78.81. The stock had a trading volume of 333 shares, compared to its average volume of 8,449. ProShares Ultra MSCI EAFE has a one year low of $56.23 and a one year high of $80.05. The firm’s 50 day moving average price is $73.29 and its two-hundred day moving average price is $70.92.

ProShares Ultra MSCI EAFE Company Profile

ProShares Ultra MSCI EAFE (the Fund) seeks daily investment results that correspond to twice (200%) 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 MSCI EAFE Index consists of 21 developed market country indexes, including Australia, Austria, Belgium, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom.