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

ProShares Ultra MSCI EAFE (NYSEARCA:EFO) saw a large drop in short interest in January. As of January 15th, there was short interest totaling 4,466 shares, a drop of 48.4% from the December 31st total of 8,658 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average trading volume of 9,125 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 9,125 shares, the days-to-cover ratio is currently 0.5 days. Approximately 1.1% of the shares of the company are short sold.

ProShares Ultra MSCI EAFE Price Performance

EFO stock opened at $69.65 on Friday. The stock’s 50 day simple moving average is $64.83 and its 200 day simple moving average is $60.95. ProShares Ultra MSCI EAFE has a 12-month low of $36.53 and a 12-month high of $72.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EFO. Discipline Wealth Solutions LLC grew its holdings in shares of ProShares Ultra MSCI EAFE by 0.7% during the 4th quarter. Discipline Wealth Solutions LLC now owns 70,596 shares of the company’s stock worth $4,507,000 after purchasing an additional 461 shares in the last quarter. Osaic Holdings Inc. acquired a new stake in shares of ProShares Ultra MSCI EAFE in the second quarter valued at $55,000. Elm3 Financial Group LLC bought a new position in shares of ProShares Ultra MSCI EAFE in the second quarter worth about $220,000. Jane Street Group LLC acquired a new stake in shares of ProShares Ultra MSCI EAFE in the second quarter valued at approximately $256,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of ProShares Ultra MSCI EAFE in the 3rd quarter valued at $515,000.

About ProShares Ultra MSCI EAFE

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.