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

ProShares UltraShort FTSE Europe (NYSEARCA:EPV) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 23,939 shares, an increase of 179.4% from the July 30th total of 8,567 shares. Based on an average trading volume of 11,625 shares, the days-to-cover ratio is presently 2.1 days. Approximately 3.8% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in shares of ProShares UltraShort FTSE Europe during the 4th quarter worth approximately $394,000. Ferguson Shapiro LLC bought a new position in shares of ProShares UltraShort FTSE Europe in the first quarter valued at approximately $378,000. Two Sigma Securities LLC bought a new position in shares of ProShares UltraShort FTSE Europe in the second quarter valued at approximately $297,000. Verity Asset Management Inc. increased its position in shares of 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 valued at $453,000 after acquiring an additional 7,857 shares during the last quarter. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of ProShares UltraShort FTSE Europe during the first quarter valued at approximately $82,000.

ProShares UltraShort FTSE Europe Stock Up 0.9%

EPV stock opened at $17.06 on Friday. The firm has a 50-day moving average of $17.71 and a two-hundred day moving average of $19.22. ProShares UltraShort FTSE Europe has a one year low of $16.55 and a one year high of $26.57.

ProShares UltraShort FTSE Europe Company Profile

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.