Short Interest in ProShares Ultra MSCI EAFE (NYSEARCA:EFO) Grows By 117.2%
by Renee Jackson · The Cerbat GemProShares Ultra MSCI EAFE (NYSEARCA:EFO – Get Free Report) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totaling 13,618 shares, a growth of 117.2% from the March 31st total of 6,271 shares. Based on an average daily volume of 17,638 shares, the days-to-cover ratio is presently 0.8 days. Currently, 3.2% of the company’s stock are sold short.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. purchased a new position in ProShares Ultra MSCI EAFE in the second quarter valued at about $55,000. Innova Wealth Partners acquired a new stake in shares of ProShares Ultra MSCI EAFE in the first quarter worth about $236,000. Jane Street Group LLC acquired a new stake in shares of ProShares Ultra MSCI EAFE in the second quarter worth about $256,000. Susquehanna International Group LLP acquired a new position in ProShares Ultra MSCI EAFE in the 3rd quarter valued at approximately $515,000. Finally, PMV Capital Advisers LLC grew its stake in shares of ProShares Ultra MSCI EAFE by 215.9% in the 1st quarter. PMV Capital Advisers LLC now owns 25,372 shares of the company’s stock valued at $1,614,000 after purchasing an additional 17,341 shares during the period.
ProShares Ultra MSCI EAFE Stock Performance
NYSEARCA EFO traded up $0.60 on Friday, reaching $68.98. The stock had a trading volume of 29,539 shares, compared to its average volume of 11,195. The business has a 50 day moving average price of $68.28 and a 200 day moving average price of $65.61. ProShares Ultra MSCI EAFE has a 1 year low of $48.32 and a 1 year high of $76.50.
About ProShares Ultra MSCI EAFE
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.