ProShares Short MSCI EAFE (NYSEARCA:EFZ) Sees Significant Drop in Short Interest

ProShares Short MSCI EAFE (NYSEARCA:EFZ) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 2,453 shares, a decline of 91.4% from the June 15th total of 28,630 shares. Based on an average trading volume of 8,962 shares, the short-interest ratio is currently 0.3 days. Currently, 0.5% of the company’s shares are sold short.

ProShares Short MSCI EAFE Stock Down 0.3%

Shares of ProShares Short MSCI EAFE stock traded down $0.07 during trading hours on Friday, hitting $22.98. The company’s stock had a trading volume of 1,703 shares, compared to its average volume of 38,803. The stock has a 50 day moving average of $23.43 and a 200 day moving average of $24.10. ProShares Short MSCI EAFE has a 12 month low of $22.60 and a 12 month high of $28.60.

Institutional Trading of ProShares Short MSCI EAFE

Large investors have recently bought and sold shares of the business. Ballew Advisors Inc raised its holdings in ProShares Short MSCI EAFE by 7.4% during the 4th quarter. Ballew Advisors Inc now owns 101,891 shares of the company’s stock worth $1,253,000 after buying an additional 7,058 shares during the period. Jane Street Group LLC bought a new stake in shares of ProShares Short MSCI EAFE during the fourth quarter worth $147,000. SB Capital Management Inc bought a new stake in shares of ProShares Short MSCI EAFE during the fourth quarter worth $1,460,000. Finally, Hamilton Wealth LLC acquired a new stake in shares of ProShares Short MSCI EAFE during the first quarter worth $314,000.

About ProShares Short MSCI EAFE

ProShares Short MSCI EAFE (the Fund) seeks daily investment results that correspond to the inverse (opposite) of 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 Fund takes positions in securities and/or financial instruments that, in combination, should have similar daily return characteristics as -100% of the daily return of the MSCI EAFE Index.