ProShares UltraShort FTSE Europe (NYSEARCA:EPV) Short Interest Up 179.4% in August

ProShares UltraShort FTSE Europe (NYSEARCA:EPV) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 23,939 shares, an increase of 179.4% from the July 30th total of 8,567 shares. Currently, 3.8% of the shares of the company are sold short. Based on an average daily volume of 11,625 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Geneos Wealth Management Inc. purchased a new position in ProShares UltraShort FTSE Europe in the 1st quarter valued at approximately $82,000. Two Sigma Securities LLC bought a new position in shares of ProShares UltraShort FTSE Europe in the second quarter worth $297,000. Ferguson Shapiro LLC bought a new position in shares of ProShares UltraShort FTSE Europe in the first quarter worth $378,000. Jane Street Group LLC bought a new position in shares of ProShares UltraShort FTSE Europe in the fourth quarter worth $394,000. Finally, Verity Asset Management Inc. grew its position in shares of ProShares UltraShort FTSE Europe by 73.6% in the third quarter. Verity Asset Management Inc. now owns 18,531 shares of the company’s stock valued at $453,000 after purchasing an additional 7,857 shares in the last quarter.

ProShares UltraShort FTSE Europe Price Performance

NYSEARCA:EPV traded up $0.15 on Friday, reaching $17.06. 8,664 shares of the company’s stock were exchanged, compared to its average volume of 35,065. The stock has a fifty day simple moving average of $17.71 and a 200-day simple moving average of $19.22. ProShares UltraShort FTSE Europe has a 52 week low of $16.55 and a 52 week high of $26.57.

About ProShares UltraShort FTSE Europe

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.