ProShares UltraShort FTSE Europe (NYSEARCA:EPV – Get Free Report) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 20,631 shares, a decline of 94.3% from the April 30th total of 359,389 shares. Approximately 2.8% of the shares of the company are sold short. Based on an average daily trading volume, of 46,587 shares, the short-interest ratio is presently 0.4 days.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. acquired a new position in ProShares UltraShort FTSE Europe during the first quarter worth approximately $82,000. Two Sigma Securities LLC acquired a new position in shares of ProShares UltraShort FTSE Europe in the second quarter valued at approximately $297,000. Ferguson Shapiro LLC acquired a new position in shares of ProShares UltraShort FTSE Europe in the first quarter valued at approximately $378,000. Jane Street Group LLC acquired a new position in shares of ProShares UltraShort FTSE Europe in the fourth quarter valued at approximately $394,000. Finally, Verity Asset Management Inc. increased its holdings 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 during the period.
ProShares UltraShort FTSE Europe Trading Up 0.7%
EPV traded up $0.13 during trading on Wednesday, hitting $18.59. 24,560 shares of the stock were exchanged, compared to its average volume of 48,106. ProShares UltraShort FTSE Europe has a 1-year low of $18.36 and a 1-year high of $28.60. The stock has a fifty day moving average price of $20.42 and a two-hundred day moving average price of $21.19.
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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