Short Interest in ProShares Ultra MSCI EAFE (NYSEARCA:EFO) Declines By 46.4%

ProShares Ultra MSCI EAFE (NYSEARCA:EFO) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 7,298 shares, a drop of 46.4% from the April 15th total of 13,618 shares. Based on an average daily volume of 7,458 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.7% of the company’s shares are short sold.

Institutional Investors Weigh In On ProShares Ultra MSCI EAFE

A number of institutional investors have recently added to or reduced their stakes in EFO. Discipline Wealth Solutions LLC lifted its position in shares of ProShares Ultra MSCI EAFE by 0.7% during the fourth quarter. Discipline Wealth Solutions LLC now owns 70,596 shares of the company’s stock valued at $4,507,000 after buying an additional 461 shares during the last quarter. PMV Capital Advisers LLC lifted its position in shares of ProShares Ultra MSCI EAFE by 215.9% during the first quarter. PMV Capital Advisers LLC now owns 25,372 shares of the company’s stock valued at $1,614,000 after buying an additional 17,341 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in shares of ProShares Ultra MSCI EAFE during the third quarter valued at about $515,000. Jane Street Group LLC purchased a new stake in shares of ProShares Ultra MSCI EAFE during the second quarter valued at about $256,000. Finally, Innova Wealth Partners purchased a new stake in shares of ProShares Ultra MSCI EAFE during the first quarter valued at about $236,000.

ProShares Ultra MSCI EAFE Stock Down 3.5%

Shares of NYSEARCA:EFO traded down $2.46 on Friday, hitting $68.76. 4,663 shares of the company’s stock were exchanged, compared to its average volume of 10,472. ProShares Ultra MSCI EAFE has a 12 month low of $51.67 and a 12 month high of $76.50. The business’s 50 day simple moving average is $67.26 and its two-hundred day simple moving average is $66.47.

About ProShares Ultra MSCI EAFE

ProShares Ultra MSCI EAFE (the Fund) seeks daily investment results that correspond to twice (200%) 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 MSCI EAFE Index consists of 21 developed market country indexes, including Australia, Austria, Belgium, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom.