ProShares Short MSCI EAFE (NYSEARCA:EFZ – Get Free Report) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 5,305 shares, a growth of 286.7% from the July 30th total of 1,372 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average trading volume of 4,869 shares, the days-to-cover ratio is presently 1.1 days.
Hedge Funds Weigh In On ProShares Short MSCI EAFE
Several large investors have recently modified their holdings of the business. Hamilton Wealth LLC bought a new stake in shares of ProShares Short MSCI EAFE in the first quarter valued at approximately $314,000. SB Capital Management Inc purchased a new stake in shares of ProShares Short MSCI EAFE during the 4th quarter valued at approximately $1,460,000. Susquehanna International Group LLP lifted its stake in shares of ProShares Short MSCI EAFE by 40.3% during the 2nd quarter. Susquehanna International Group LLP now owns 28,599 shares of the company’s stock valued at $657,000 after buying an additional 8,218 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in ProShares Short MSCI EAFE in the 4th quarter worth approximately $147,000.
ProShares Short MSCI EAFE Price Performance
Shares of EFZ opened at $22.25 on Thursday. ProShares Short MSCI EAFE has a fifty-two week low of $21.94 and a fifty-two week high of $27.70. The business has a 50-day moving average of $22.76 and a 200 day moving average of $23.59.
About ProShares Short MSCI EAFE
ProShares Short MSCI EAFE (the Fund) seeks daily investment results that correspond to 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 -100% of the daily return of the MSCI EAFE Index.
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