ProShares Short MSCI EAFE (NYSEARCA:EFZ) Short Interest Update

ProShares Short MSCI EAFE (NYSEARCA:EFZ) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 28,630 shares, a growth of 230.0% from the May 31st total of 8,675 shares. Based on an average trading volume of 19,580 shares, the days-to-cover ratio is presently 1.5 days. Approximately 4.4% of the company’s shares are short sold.

Hedge Funds Weigh In On ProShares Short MSCI EAFE

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EFZ. Jane Street Group LLC acquired a new stake in shares of ProShares Short MSCI EAFE in the 4th quarter valued at about $147,000. Hamilton Wealth LLC acquired a new position in shares of ProShares Short MSCI EAFE during the first quarter worth about $314,000. Ballew Advisors Inc boosted its position in shares of ProShares Short MSCI EAFE by 7.4% during the fourth quarter. Ballew Advisors Inc now owns 101,891 shares of the company’s stock worth $1,253,000 after buying an additional 7,058 shares during the period. Finally, SB Capital Management Inc bought a new position in shares of ProShares Short MSCI EAFE during the fourth quarter worth about $1,460,000.

ProShares Short MSCI EAFE Trading Down 0.4%

NYSEARCA:EFZ opened at $23.11 on Tuesday. ProShares Short MSCI EAFE has a fifty-two week low of $22.86 and a fifty-two week high of $28.60. The business’s 50-day simple moving average is $23.58 and its 200-day simple moving average is $24.26.

ProShares Short MSCI EAFE Company Profile

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.