ProShares UltraShort FTSE Europe (NYSEARCA:EPV – Get Free Report) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 9,513 shares, a decline of 46.6% from the June 15th total of 17,821 shares. Based on an average trading volume of 14,671 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.5% of the shares of the company are sold short.
ProShares UltraShort FTSE Europe Price Performance
Shares of NYSEARCA EPV traded up $0.15 during mid-day trading on Thursday, hitting $18.16. The company had a trading volume of 10,883 shares, compared to its average volume of 39,996. ProShares UltraShort FTSE Europe has a 1 year low of $17.65 and a 1 year high of $28.01. The stock’s 50-day moving average price is $18.76 and its 200-day moving average price is $19.93.
Institutional Trading of ProShares UltraShort FTSE Europe
Several institutional investors and hedge funds have recently bought and sold shares of the company. Verity Asset Management Inc. raised its position in shares of ProShares UltraShort FTSE Europe by 17.8% in the fourth quarter. Verity Asset Management Inc. now owns 21,833 shares of the company’s stock worth $477,000 after buying an additional 3,302 shares in the last quarter. Jane Street Group LLC purchased a new position in ProShares UltraShort FTSE Europe in the 4th quarter worth approximately $394,000. Ferguson Shapiro LLC bought a new position in shares of ProShares UltraShort FTSE Europe in the 1st quarter worth $378,000. Two Sigma Securities LLC bought a new position in shares of ProShares UltraShort FTSE Europe in the 2nd quarter worth $297,000. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of ProShares UltraShort FTSE Europe during the 1st quarter valued at $82,000.
ProShares UltraShort FTSE Europe Company Profile
The ProShares UltraShort FTSE Europe (EPV) is an exchange-traded fund that is based on the FTSE All Cap Developed Europe index. The fund provides a daily leveraged inverse (-2x) exposure to a market-cap-weighted index of European developed markets equities. EPV was launched on Jun 18, 2009 and is managed by ProShares.
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