ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) Short Interest Up 101.3% in April

ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) saw a large growth in short interest in April. As of April 30th, there was short interest totaling 10,355 shares, a growth of 101.3% from the April 15th total of 5,143 shares. Currently, 8.6% of the company’s stock are sold short. Based on an average trading volume of 13,247 shares, the short-interest ratio is presently 0.8 days.

ProShares UltraShort MSCI EAFE Price Performance

Shares of NYSEARCA EFU traded up $0.27 during mid-day trading on Friday, hitting $8.01. The company had a trading volume of 6,883 shares, compared to its average volume of 15,488. The firm has a 50-day simple moving average of $8.29 and a two-hundred day simple moving average of $8.66. ProShares UltraShort MSCI EAFE has a one year low of $7.19 and a one year high of $11.86.

ProShares UltraShort MSCI EAFE Company Profile

ProShares UltraShort MSCI EAFE (the Fund) seeks daily investment results that correspond to twice (200%) 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 -200% of the daily return of the MSCI EAFE Index.