ProShares UltraShort Euro (NYSEARCA:EUO) Stock Short Interest Report for October

ProShares UltraShort Euro (NYSEARCA:EUO) saw a significant decline in short interest in October. As of October 30th, there was short interest totaling 26,066 shares, a decline of 92.0% from the October 15th total of 327,210 shares. Currently, 2.2% of the company’s stock are short sold. Based on an average daily volume of 29,492 shares, the short-interest ratio is presently 0.9 days.

ProShares UltraShort Euro Stock Up 1.1%

Shares of EUO stock traded up $0.36 on Tuesday, hitting $32.69. 25,435 shares of the stock were exchanged, compared to its average volume of 33,795. ProShares UltraShort Euro has a fifty-two week low of $26.93 and a fifty-two week high of $32.83. The business has a 50-day moving average of $31.57 and a 200 day moving average of $29.99.

Hedge Funds Weigh In On ProShares UltraShort Euro

A number of large investors have recently bought and sold shares of EUO. Verity Asset Management Inc. bought a new position in shares of ProShares UltraShort Euro during the 3rd quarter worth approximately $406,000. Simplex Trading LLC acquired a new stake in shares of ProShares UltraShort Euro in the third quarter valued at approximately $34,000. Finally, Team Financial Group LLC acquired a new stake in shares of ProShares UltraShort Euro in the third quarter valued at approximately $29,000.

ProShares UltraShort Euro Company Profile

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.