ProShares UltraShort Euro (NYSEARCA:EUO) Short Interest Up 94.3% in April

ProShares UltraShort Euro (NYSEARCA:EUO) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 13,242 shares, an increase of 94.3% from the April 15th total of 6,816 shares. Based on an average daily trading volume, of 16,598 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.0% of the company’s shares are sold short.

Institutional Trading of ProShares UltraShort Euro

A number of large investors have recently made changes to their positions in the stock. Osaic Holdings Inc. bought a new position in shares of ProShares UltraShort Euro in the second quarter worth about $33,000. Jane Street Group LLC bought a new stake in ProShares UltraShort Euro during the 1st quarter valued at about $237,000. Simplicity Wealth LLC purchased a new stake in ProShares UltraShort Euro in the 3rd quarter valued at about $378,000. New York Life Investment Management LLC boosted its position in ProShares UltraShort Euro by 20.7% in the 3rd quarter. New York Life Investment Management LLC now owns 20,225 shares of the company’s stock valued at $567,000 after buying an additional 3,464 shares during the period. Finally, Verity Asset Management Inc. bought a new position in ProShares UltraShort Euro in the 4th quarter worth about $582,000.

ProShares UltraShort Euro Price Performance

EUO traded up $0.26 during trading hours on Friday, reaching $29.45. 15,793 shares of the company’s stock traded hands, compared to its average volume of 47,617. The firm has a 50-day moving average price of $29.20 and a 200 day moving average price of $28.79. ProShares UltraShort Euro has a 52-week low of $26.93 and a 52-week high of $30.75.

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.