ProShares Short MSCI EAFE (NYSEARCA:EFZ) Sees Significant Decrease in Short Interest

ProShares Short MSCI EAFE (NYSEARCA:EFZ) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 2,453 shares, a decrease of 91.4% from the June 15th total of 28,630 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 8,962 shares, the short-interest ratio is currently 0.3 days.

ProShares Short MSCI EAFE Stock Performance

Shares of EFZ traded down $0.07 during midday trading on Friday, hitting $22.98. The stock had a trading volume of 1,703 shares, compared to its average volume of 38,803. The company has a 50 day simple moving average of $23.43 and a two-hundred day simple moving average of $24.10. ProShares Short MSCI EAFE has a twelve month low of $22.60 and a twelve month high of $28.60.

Institutional Investors Weigh In On ProShares Short MSCI EAFE

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. SB Capital Management Inc bought a new stake in ProShares Short MSCI EAFE in the 4th quarter valued at approximately $1,460,000. Hamilton Wealth LLC bought a new position in shares of ProShares Short MSCI EAFE during the 1st quarter worth approximately $314,000. Jane Street Group LLC bought a new position in shares of ProShares Short MSCI EAFE during the 4th quarter worth approximately $147,000. Finally, Ballew Advisors Inc grew its stake in shares of ProShares Short MSCI EAFE by 7.4% during the 4th quarter. Ballew Advisors Inc now owns 101,891 shares of the company’s stock worth $1,253,000 after acquiring an additional 7,058 shares in the last quarter.

About ProShares Short MSCI EAFE

ProShares Short MSCI EAFE (the Fund) seeks daily investment results that correspond to 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 -100% of the daily return of the MSCI EAFE Index.