ProShares Ultra MSCI EAFE (NYSEARCA:EFO) Shares Shorted: Short Interest Down 40.7% in September

by · The Markets Daily

ProShares Ultra MSCI EAFE (NYSEARCA:EFO – Get Free Report) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 2,559 shares, a decrease of 40.7% from the August 31st total of 4,318 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 6,967 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On ProShares Ultra MSCI EAFE

Several large investors have recently added to or reduced their stakes in EFO. Cassaday & Co Wealth Management LLC purchased a new stake in ProShares Ultra MSCI EAFE during the first quarter valued at approximately $75,000. Innova Wealth Partners bought a new position in shares of ProShares Ultra MSCI EAFE during the 1st quarter valued at approximately $236,000. Finally, PMV Capital Advisers LLC raised its holdings in ProShares Ultra MSCI EAFE by 215.9% during the 1st quarter. PMV Capital Advisers LLC now owns 25,372 shares of the company’s stock valued at $1,614,000 after buying an additional 17,341 shares during the period.

ProShares Ultra MSCI EAFE Stock Performance

Shares of NYSEARCA:EFO traded down $1.44 on Thursday, reaching $69.92. The company’s stock had a trading volume of 18,712 shares, compared to its average volume of 7,733. The company has a 50-day simple moving average of $75.96 and a 200 day simple moving average of $72.09. ProShares Ultra MSCI EAFE has a 52-week low of $56.39 and a 52-week high of $80.05.

About ProShares Ultra MSCI EAFE

(Get Free Report)

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.

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