ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) Short Interest Down 95.8% in May

ProShares UltraShort MSCI EAFE (NYSEARCA:EFU – Get Free Report) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 1,630 shares, a decrease of 95.8% from the May 14th total of 38,919 shares. Based on an average daily trading volume, of 7,972 shares, the days-to-cover ratio is presently 0.2 days. Approximately 1.4% of the company’s shares are short sold.

ProShares UltraShort MSCI EAFE Stock Up 1.3%

NYSEARCA:EFU traded up $0.10 during trading hours on Wednesday, hitting $7.89. 831 shares of the stock were exchanged, compared to its average volume of 14,473. The company’s 50 day moving average is $7.86 and its two-hundred day moving average is $8.40. ProShares UltraShort MSCI EAFE has a twelve month low of $7.19 and a twelve month high of $11.64.

Get ProShares UltraShort MSCI EAFE alerts:

ProShares UltraShort MSCI EAFE Company Profile

(Get Free Report)

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.

See Also

• Five stocks we like better than ProShares UltraShort MSCI EAFE
• Palantir’s AIPCon Shows Why Customers Are Fueling the Bull Case
• Chewy’s Growth Engine Is Stronger Than the Market Thinks
• Nebius Group’s £1.7 Billion UK Expansion Fuels Bullish Case Despite the Pullback
• An Analyst Just Raised Tesla’s Price Target by 227%—Here’s Why

Receive News & Ratings for ProShares UltraShort MSCI EAFE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort MSCI EAFE and related companies with MarketBeat.com's FREE daily email newsletter.