Short Interest in ProShares UltraShort FTSE Europe (NYSEARCA:EPV) Increases By 32.5%

ProShares UltraShort FTSE Europe (NYSEARCA:EPV) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 22,241 shares, a growth of 32.5% from the February 12th total of 16,788 shares. Approximately 4.2% of the shares of the stock are sold short. Based on an average trading volume of 8,671 shares, the days-to-cover ratio is currently 2.6 days. Based on an average trading volume of 8,671 shares, the days-to-cover ratio is currently 2.6 days. Approximately 4.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On ProShares UltraShort FTSE Europe

Several hedge funds have recently bought and sold shares of the company. Simplex Trading LLC acquired a new stake in ProShares UltraShort FTSE Europe during the 2nd quarter worth approximately $122,000. Two Sigma Securities LLC purchased a new stake in shares of ProShares UltraShort FTSE Europe during the second quarter worth $297,000. Jane Street Group LLC purchased a new stake in shares of ProShares UltraShort FTSE Europe during the fourth quarter worth $394,000. Finally, Verity Asset Management Inc. raised its stake in shares of ProShares UltraShort FTSE Europe by 73.6% in the third quarter. Verity Asset Management Inc. now owns 18,531 shares of the company’s stock valued at $453,000 after acquiring an additional 7,857 shares in the last quarter.

ProShares UltraShort FTSE Europe Stock Down 3.3%

Shares of EPV opened at $21.91 on Tuesday. The stock has a fifty day simple moving average of $20.23 and a two-hundred day simple moving average of $22.67. ProShares UltraShort FTSE Europe has a 52-week low of $18.67 and a 52-week high of $42.45.

About ProShares UltraShort FTSE Europe

The ProShares UltraShort FTSE Europe (EPV) is an exchange-traded fund that is based on the FTSE All Cap Developed Europe index. The fund provides a daily leveraged inverse (-2x) exposure to a market-cap-weighted index of European developed markets equities. EPV was launched on Jun 18, 2009 and is managed by ProShares.