ProShares Short MSCI EAFE (NYSEARCA:EFZ – Get Free Report) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 397 shares, a decline of 42.3% from the September 30th total of 688 shares. Based on an average daily volume of 12,907 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hamilton Wealth LLC bought a new stake in ProShares Short MSCI EAFE during the first quarter worth about $314,000. Citadel Advisors LLC bought a new position in shares of ProShares Short MSCI EAFE during the 2nd quarter valued at about $214,000. Finally, Susquehanna International Group LLP increased its position 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 purchasing an additional 8,218 shares during the last quarter.
ProShares Short MSCI EAFE Price Performance
EFZ stock traded up $0.05 during midday trading on Tuesday, reaching $23.18. The company had a trading volume of 96,756 shares, compared to its average volume of 27,568. The firm has a 50-day moving average price of $22.84 and a 200-day moving average price of $23.49. ProShares Short MSCI EAFE has a 1 year low of $21.94 and a 1 year high of $27.28.
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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