ProShares Ultra MSCI EAFE (NYSEARCA:EFO – Get Free Report) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 597 shares, a decrease of 89.3% from the July 15th total of 5,596 shares. Based on an average trading volume of 3,848 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.
ProShares Ultra MSCI EAFE Price Performance
Shares of NYSEARCA EFO traded up $0.38 during midday trading on Thursday, hitting $79.23. 2,836 shares of the company’s stock were exchanged, compared to its average volume of 8,413. The firm’s fifty day simple moving average is $73.55 and its 200-day simple moving average is $71.07. ProShares Ultra MSCI EAFE has a twelve month low of $56.23 and a twelve month high of $80.05.
Institutional Trading of ProShares Ultra MSCI EAFE
Several institutional investors have recently modified their holdings of EFO. PMV Capital Advisers LLC raised its stake in ProShares Ultra MSCI EAFE by 215.9% during the 1st 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 in the last quarter. Discipline Wealth Solutions LLC boosted its stake in ProShares Ultra MSCI EAFE by 0.7% in the fourth quarter. Discipline Wealth Solutions LLC now owns 70,596 shares of the company’s stock valued at $4,507,000 after acquiring an additional 461 shares in the last quarter. Susquehanna International Group LLP purchased a new position in shares of ProShares Ultra MSCI EAFE during the third quarter worth about $515,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of ProShares Ultra MSCI EAFE during the first quarter worth about $75,000. Finally, Innova Wealth Partners acquired a new stake in shares of ProShares Ultra MSCI EAFE during the first quarter worth about $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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