ProShares UltraShort Euro (NYSEARCA:EUO – Get Free Report) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 9,150 shares, a drop of 34.5% from the May 14th total of 13,968 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 18,668 shares, the days-to-cover ratio is presently 0.5 days.
ProShares UltraShort Euro Stock Up 1.8%
NYSEARCA:EUO opened at $30.19 on Thursday. ProShares UltraShort Euro has a 1 year low of $26.93 and a 1 year high of $30.75. The stock’s 50 day simple moving average is $29.20 and its two-hundred day simple moving average is $28.88.
Institutional Investors Weigh In On ProShares UltraShort Euro
A number of hedge funds have recently bought and sold shares of the business. Verity Asset Management Inc. purchased a new position in shares of ProShares UltraShort Euro in the 4th quarter worth $582,000. Jane Street Group LLC bought a new stake in shares of ProShares UltraShort Euro in the 1st quarter worth about $237,000. Finally, Osaic Holdings Inc. purchased a new stake in shares of ProShares UltraShort Euro during the 2nd quarter valued at about $33,000.
ProShares UltraShort Euro Company Profile
The ProShares UltraShort Euro (EUO) is an exchange-traded fund that is based on the U.S. Dollar per Euro index. The fund provides a -200% exposure to the daily performance of the EUR spot price against the US dollar as measured by Bloomberg. EUO was launched on Nov 25, 2008 and is managed by ProShares.
Read More
- Five stocks we like better than ProShares UltraShort Euro
- Cheap Thrills: Why These 3 Entertainment Stocks Are Soaring
- CoreWeave Insider Sales Look Big, But Should Investors Worry?
- Critical Metals: Sizing Up This Tiny Rare-Earth Stock Making Big Moves
- Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
Receive News & Ratings for ProShares UltraShort Euro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort Euro and related companies with MarketBeat.com's FREE daily email newsletter.
