Short Interest in ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) Drops By 42.4%

ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 2,323 shares, a decline of 42.4% from the June 15th total of 4,036 shares. Approximately 1.4% of the shares of the stock are sold short. Based on an average daily volume of 7,821 shares, the days-to-cover ratio is presently 0.3 days.

ProShares UltraShort MSCI EAFE Stock Up 1.6%

Shares of EFU traded up $0.12 during midday trading on Friday, hitting $7.44. 5,001 shares of the company traded hands, compared to its average volume of 13,076. The firm has a 50 day moving average of $7.49 and a 200-day moving average of $8.00. ProShares UltraShort MSCI EAFE has a 52 week low of $7.06 and a 52 week high of $11.45.

ProShares UltraShort MSCI EAFE Company Profile

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.