ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) Short Interest Up 101.3% in April

ProShares UltraShort MSCI EAFE (NYSEARCA:EFU) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 10,355 shares, a growth of 101.3% from the April 15th total of 5,143 shares. Currently, 8.6% of the company’s shares are sold short. Based on an average daily trading volume, of 13,247 shares, the short-interest ratio is presently 0.8 days.

ProShares UltraShort MSCI EAFE Stock Up 3.5%

EFU traded up $0.27 during mid-day trading on Friday, reaching $8.01. The stock had a trading volume of 6,883 shares, compared to its average volume of 15,488. The firm’s fifty day simple moving average is $8.29 and its two-hundred day simple moving average is $8.66. ProShares UltraShort MSCI EAFE has a 52 week low of $7.19 and a 52 week high of $11.86.

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.