Short Interest in ProShares UltraShort Euro (NYSEARCA:EUO) Grows By 94.3%

ProShares UltraShort Euro (NYSEARCA:EUO) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 13,242 shares, a growth of 94.3% from the April 15th total of 6,816 shares. Based on an average daily volume of 16,598 shares, the short-interest ratio is presently 0.8 days. Approximately 1.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Verity Asset Management Inc. acquired a new position in ProShares UltraShort Euro during the fourth quarter worth $582,000. New York Life Investment Management LLC raised its stake in ProShares UltraShort Euro by 20.7% in the third quarter. New York Life Investment Management LLC now owns 20,225 shares of the company’s stock valued at $567,000 after buying an additional 3,464 shares in the last quarter. Simplicity Wealth LLC acquired a new stake in ProShares UltraShort Euro in the third quarter valued at $378,000. Osaic Holdings Inc. purchased a new position in shares of ProShares UltraShort Euro during the second quarter worth about $33,000. Finally, Jane Street Group LLC purchased a new position in shares of ProShares UltraShort Euro during the first quarter worth about $237,000.

ProShares UltraShort Euro Stock Performance

NYSEARCA:EUO opened at $29.33 on Tuesday. The stock’s fifty day moving average is $29.20 and its two-hundred day moving average is $28.80. ProShares UltraShort Euro has a 52 week low of $26.93 and a 52 week high of $30.75.

About ProShares UltraShort Euro

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.