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

by · The Cerbat Gem

ProShares UltraShort Euro (NYSEARCA:EUO – Get Free Report) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 13,242 shares, a growth of 94.3% from the April 15th total of 6,816 shares. Based on an average trading volume of 16,598 shares, the short-interest ratio is currently 0.8 days. Currently, 1.0% of the shares of the stock are short sold.

ProShares UltraShort Euro Stock Performance

Shares of NYSEARCA EUO traded up $0.26 during mid-day trading on Friday, reaching $29.45. The company’s stock had a trading volume of 15,793 shares, compared to its average volume of 47,617. ProShares UltraShort Euro has a 52 week low of $26.93 and a 52 week high of $30.75. The stock has a fifty day moving average of $29.20 and a two-hundred day moving average of $28.79.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EUO. Osaic Holdings Inc. bought a new stake in shares of ProShares UltraShort Euro during the second quarter valued at approximately $33,000. New York Life Investment Management LLC boosted its position in shares of ProShares UltraShort Euro by 20.7% during the third quarter. New York Life Investment Management LLC now owns 20,225 shares of the company’s stock worth $567,000 after acquiring an additional 3,464 shares during the last quarter. Jane Street Group LLC purchased a new position in ProShares UltraShort Euro during the first quarter valued at $237,000. Simplicity Wealth LLC purchased a new position in ProShares UltraShort Euro during the third quarter valued at $378,000. Finally, Verity Asset Management Inc. bought a new stake in ProShares UltraShort Euro in the 4th quarter valued at $582,000.

ProShares UltraShort Euro Company Profile

(Get Free Report)

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.

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