ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) Short Interest Up 275.8% in May

ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 38,919 shares, an increase of 275.8% from the April 30th total of 10,355 shares. Based on an average trading volume of 10,800 shares, the days-to-cover ratio is presently 3.6 days. Currently, 32.4% of the shares of the stock are sold short.

ProShares UltraShort MSCI EAFE Stock Performance

Shares of NYSEARCA:EFU traded down $0.06 during trading on Friday, reaching $7.41. The stock had a trading volume of 584 shares, compared to its average volume of 14,955. The business has a fifty day moving average price of $8.10 and a 200-day moving average price of $8.52. ProShares UltraShort MSCI EAFE has a fifty-two week low of $7.19 and a fifty-two week high of $11.64.

About ProShares UltraShort MSCI EAFE

ProShares UltraShort MSCI EAFE (the Fund) seeks daily investment results that correspond to twice (200%) 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 -200% of the daily return of the MSCI EAFE Index.