ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) Short Interest Up 48.6% in August

ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 3,736 shares, a growth of 48.6% from the July 30th total of 2,514 shares. Based on an average daily trading volume, of 4,772 shares, the short-interest ratio is presently 0.8 days. Approximately 2.2% of the shares of the stock are sold short.

ProShares UltraShort MSCI EAFE Price Performance

NYSEARCA:EFU traded up $0.13 on Tuesday, reaching $6.98. 350 shares of the company’s stock traded hands, compared to its average volume of 11,294. The stock has a 50-day simple moving average of $7.10 and a 200-day simple moving average of $7.67. ProShares UltraShort MSCI EAFE has a 12 month low of $6.67 and a 12 month high of $10.69.

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.