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

ProShares UltraShort FTSE Europe (NYSEARCA:EPV) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 86,763 shares, a growth of 290.1% from the February 26th total of 22,241 shares. Based on an average trading volume of 45,416 shares, the short-interest ratio is presently 1.9 days. Approximately 16.4% of the company’s shares are short sold. Approximately 16.4% of the company’s shares are short sold. Based on an average trading volume of 45,416 shares, the short-interest ratio is presently 1.9 days.

ProShares UltraShort FTSE Europe Price Performance

Shares of EPV stock opened at $23.25 on Wednesday. The company’s fifty day simple moving average is $20.47 and its 200-day simple moving average is $22.55. ProShares UltraShort FTSE Europe has a 52 week low of $18.67 and a 52 week high of $42.45.

ProShares UltraShort FTSE Europe Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be given a $0.095 dividend. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $0.38 annualized dividend and a yield of 1.6%.

Institutional Investors Weigh In On ProShares UltraShort FTSE Europe

Several institutional investors and hedge funds have recently modified their holdings of EPV. Jane Street Group LLC purchased a new stake in shares of ProShares UltraShort FTSE Europe during the 4th quarter valued at about $394,000. Two Sigma Securities LLC purchased a new position in ProShares UltraShort FTSE Europe in the 2nd quarter worth approximately $297,000. Finally, Verity Asset Management Inc. boosted its holdings in ProShares UltraShort FTSE Europe by 73.6% in the 3rd quarter. Verity Asset Management Inc. now owns 18,531 shares of the company’s stock worth $453,000 after acquiring an additional 7,857 shares during the period.

About ProShares UltraShort FTSE Europe

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.