ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) Short Interest Up 275.8% in May

ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 38,919 shares, an increase of 275.8% from the April 30th total of 10,355 shares. Currently, 32.4% of the shares of the stock are sold short. Based on an average trading volume of 10,800 shares, the days-to-cover ratio is currently 3.6 days.

ProShares UltraShort MSCI EAFE Stock Performance

NYSEARCA EFU traded down $0.06 on Friday, reaching $7.41. The company’s stock had a trading volume of 584 shares, compared to its average volume of 14,955. The business has a 50-day moving average price of $8.10 and a 200 day moving average price of $8.52. ProShares UltraShort MSCI EAFE has a 52 week low of $7.19 and a 52 week high of $11.64.

About ProShares UltraShort MSCI EAFE

ProShares UltraShort MSCI EAFE (the Fund) seeks daily investment results that correspond to twice (200%) 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 -200% of the daily return of the MSCI EAFE Index.