ProShares UltraShort FTSE Europe (NYSEARCA:EPV – Get Free Report) saw a large growth in short interest in April. As of April 30th, there was short interest totaling 359,389 shares, a growth of 1,103.3% from the April 15th total of 29,866 shares. Based on an average daily trading volume, of 72,751 shares, the short-interest ratio is presently 4.9 days. Currently, 49.2% of the company’s stock are sold short.
ProShares UltraShort FTSE Europe Trading Down 1.1%
NYSEARCA:EPV traded down $0.21 during mid-day trading on Wednesday, hitting $19.38. 25,884 shares of the company’s stock traded hands, compared to its average volume of 49,975. The company has a fifty day moving average of $20.88 and a 200 day moving average of $21.54. ProShares UltraShort FTSE Europe has a twelve month low of $18.52 and a twelve month high of $29.15.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. Verity Asset Management Inc. increased its holdings in shares of ProShares UltraShort FTSE Europe by 17.8% in the fourth quarter. Verity Asset Management Inc. now owns 21,833 shares of the company’s stock valued at $477,000 after purchasing an additional 3,302 shares during the period. Jane Street Group LLC acquired a new position in shares of ProShares UltraShort FTSE Europe in the fourth quarter valued at about $394,000. Ferguson Shapiro LLC acquired a new position in shares of ProShares UltraShort FTSE Europe in the first quarter valued at about $378,000. Two Sigma Securities LLC acquired a new position in shares of ProShares UltraShort FTSE Europe in the second quarter valued at about $297,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of ProShares UltraShort FTSE Europe in the first quarter valued at about $82,000.
ProShares UltraShort FTSE Europe Company Profile
The ProShares UltraShort FTSE Europe (EPV) is an exchange-traded fund that is based on the FTSE All Cap Developed Europe index. The fund provides a daily leveraged inverse (-2x) exposure to a market-cap-weighted index of European developed markets equities. EPV was launched on Jun 18, 2009 and is managed by ProShares.
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