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

ProShares UltraShort FTSE Europe (NYSEARCA:EPV) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 9,513 shares, a drop of 46.6% from the June 15th total of 17,821 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average daily volume of 14,671 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On ProShares UltraShort FTSE Europe

Institutional investors have recently modified their holdings of the company. Jane Street Group LLC bought a new stake in ProShares UltraShort FTSE Europe in the 4th quarter valued at about $394,000. Ferguson Shapiro LLC bought a new position in ProShares UltraShort FTSE Europe in the 1st quarter worth about $378,000. Two Sigma Securities LLC bought a new position in ProShares UltraShort FTSE Europe in the 2nd quarter worth about $297,000. Verity Asset Management Inc. increased its stake in shares of ProShares UltraShort FTSE Europe by 73.6% in the third quarter. Verity Asset Management Inc. now owns 18,531 shares of the company’s stock valued at $453,000 after purchasing an additional 7,857 shares during the period. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of ProShares UltraShort FTSE Europe in the first quarter valued at approximately $82,000.

ProShares UltraShort FTSE Europe Price Performance

EPV traded up $0.06 during trading on Friday, reaching $18.22. 26,175 shares of the company were exchanged, compared to its average volume of 39,893. The firm has a 50 day moving average of $18.76 and a 200 day moving average of $19.93. ProShares UltraShort FTSE Europe has a 52 week low of $17.65 and a 52 week high of $28.01.

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.