Short Interest in ProShares UltraShort Euro (NYSEARCA:EUO) Grows By 84.1%

ProShares UltraShort Euro (NYSEARCA:EUO) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 22,141 shares, a growth of 84.1% from the June 15th total of 12,025 shares. Currently, 1.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 22,327 shares, the short-interest ratio is currently 1.0 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Verity Asset Management Inc. purchased a new position in shares of ProShares UltraShort Euro in the fourth quarter valued at $582,000. Osaic Holdings Inc. bought a new stake in ProShares UltraShort Euro in the second quarter worth $33,000. Finally, Jane Street Group LLC bought a new stake in ProShares UltraShort Euro in the first quarter worth $237,000.

ProShares UltraShort Euro Price Performance

Shares of ProShares UltraShort Euro stock opened at $30.68 on Friday. The stock has a 50 day moving average of $29.99 and a 200 day moving average of $29.21. ProShares UltraShort Euro has a 12 month low of $26.93 and a 12 month high of $31.13.

About ProShares UltraShort Euro

The ProShares UltraShort Euro (EUO) is an exchange-traded fund that is based on the U.S. Dollar per Euro index. The fund provides a -200% exposure to the daily performance of the EUR spot price against the US dollar as measured by Bloomberg. EUO was launched on Nov 25, 2008 and is managed by ProShares.