ProShares UltraShort Euro (NYSEARCA:EUO) Stock Short Interest Drops 92.0%

ProShares UltraShort Euro (NYSEARCA:EUO) was the recipient of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 26,066 shares, a decrease of 92.0% from the October 15th total of 327,210 shares. Approximately 2.2% of the shares of the company are short sold. Based on an average trading volume of 29,492 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Verity Asset Management Inc. acquired a new position in ProShares UltraShort Euro in the 3rd quarter worth about $406,000. Simplex Trading LLC acquired a new stake in ProShares UltraShort Euro in the third quarter valued at approximately $34,000. Finally, Team Financial Group LLC purchased a new stake in shares of ProShares UltraShort Euro in the third quarter valued at approximately $29,000.

ProShares UltraShort Euro Stock Performance

Shares of NYSEARCA EUO traded up $0.39 during trading on Wednesday, reaching $33.08. 7,375 shares of the company traded hands, compared to its average volume of 33,673. The firm’s fifty day simple moving average is $31.63 and its 200 day simple moving average is $30.01. ProShares UltraShort Euro has a 12-month low of $26.93 and a 12-month high of $33.13.

ProShares UltraShort Euro Company Profile

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.