ProShares Ultra MSCI EAFE (NYSEARCA:EFO – Get Free Report) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 7,298 shares, a drop of 46.4% from the April 15th total of 13,618 shares. Currently, 1.7% of the shares of the company are short sold. Based on an average trading volume of 7,458 shares, the short-interest ratio is presently 1.0 days.
ProShares Ultra MSCI EAFE Trading Up 1.9%
EFO stock traded up $1.34 during mid-day trading on Monday, hitting $70.10. 7,491 shares of the company were exchanged, compared to its average volume of 10,439. The business has a 50 day simple moving average of $67.26 and a 200-day simple moving average of $66.50. ProShares Ultra MSCI EAFE has a 1-year low of $51.90 and a 1-year high of $76.50.
Institutional Investors Weigh In On ProShares Ultra MSCI EAFE
Several hedge funds have recently bought and sold shares of the stock. Discipline Wealth Solutions LLC lifted its position in ProShares Ultra MSCI EAFE by 0.7% during the fourth quarter. Discipline Wealth Solutions LLC now owns 70,596 shares of the company’s stock worth $4,507,000 after acquiring an additional 461 shares during the last quarter. PMV Capital Advisers LLC lifted its position in ProShares Ultra MSCI EAFE by 215.9% during the first quarter. PMV Capital Advisers LLC now owns 25,372 shares of the company’s stock worth $1,614,000 after acquiring an additional 17,341 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in ProShares Ultra MSCI EAFE during the third quarter worth approximately $515,000. Jane Street Group LLC acquired a new stake in ProShares Ultra MSCI EAFE during the second quarter worth approximately $256,000. Finally, Innova Wealth Partners acquired a new stake in ProShares Ultra MSCI EAFE during the first quarter worth approximately $236,000.
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.
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