ProShares UltraShort FTSE Europe (NYSEARCA:EPV) Short Interest Up 21.9% in March

ProShares UltraShort FTSE Europe (NYSEARCA:EPV) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 105,749 shares, an increase of 21.9% from the March 15th total of 86,763 shares. Based on an average daily trading volume, of 98,668 shares, the days-to-cover ratio is currently 1.1 days. Currently, 12.7% of the shares of the company are short sold.

Institutional Investors Weigh In On ProShares UltraShort FTSE Europe

Hedge funds and other institutional investors have recently made changes to their positions in the business. Two Sigma Securities LLC purchased a new stake in shares of ProShares UltraShort FTSE Europe during the 2nd quarter valued at about $297,000. Jane Street Group LLC purchased a new stake in shares of ProShares UltraShort FTSE Europe during the 4th quarter valued at about $394,000. Finally, Verity Asset Management Inc. increased its position in shares of ProShares UltraShort FTSE Europe by 73.6% during the 3rd 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 during the last quarter.

ProShares UltraShort FTSE Europe Stock Down 3.0%

NYSEARCA EPV opened at $18.80 on Friday. ProShares UltraShort FTSE Europe has a 52 week low of $18.52 and a 52 week high of $33.76. The company has a 50-day moving average price of $20.75 and a 200-day moving average price of $22.06.

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.