ProShares UltraShort Euro (NYSEARCA:EUO – Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 327,210 shares, an increase of 1,401.7% from the September 30th total of 21,790 shares. Approximately 23.4% of the company’s shares are sold short. Based on an average daily trading volume, of 57,725 shares, the days-to-cover ratio is presently 5.7 days.
ProShares UltraShort Euro Stock Performance
Shares of NYSEARCA EUO traded up $0.01 during mid-day trading on Wednesday, reaching $32.79. 3,432 shares of the company’s stock were exchanged, compared to its average volume of 33,531. ProShares UltraShort Euro has a 52-week low of $26.93 and a 52-week high of $32.83. The company’s 50-day moving average is $31.07 and its 200-day moving average is $29.83.
About ProShares UltraShort Euro
The ProShares UltraShort Euro (EUO) is an exchange-traded fund that is based on the U.S. Dollar per Euro index. The fund provides a -200% exposure to the daily performance of the EUR spot price against the US dollar as measured by Bloomberg. EUO was launched on Nov 25, 2008 and is managed by ProShares.
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