ProShares UltraShort FTSE Europe (NYSEARCA:EPV) Short Interest Up 21.9% in March

ProShares UltraShort FTSE Europe (NYSEARCA:EPV) saw a significant increase in short interest in March. As of March 31st, there was short interest totaling 105,749 shares, an increase of 21.9% from the March 15th total of 86,763 shares. Based on an average daily trading volume, of 98,668 shares, the short-interest ratio is currently 1.1 days. Approximately 12.7% of the company’s shares are sold short.

Hedge Funds Weigh In On ProShares UltraShort FTSE Europe

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Verity Asset Management Inc. increased its stake in shares of ProShares UltraShort FTSE Europe by 17.8% during the fourth quarter. Verity Asset Management Inc. now owns 21,833 shares of the company’s stock valued at $477,000 after purchasing an additional 3,302 shares in the last quarter. Two Sigma Securities LLC bought a new position in shares of ProShares UltraShort FTSE Europe during the second quarter valued at approximately $297,000. Finally, Jane Street Group LLC bought a new position in shares of ProShares UltraShort FTSE Europe during the fourth quarter valued at approximately $394,000.

ProShares UltraShort FTSE Europe Stock Up 0.8%

Shares of NYSEARCA EPV opened at $19.39 on Friday. ProShares UltraShort FTSE Europe has a fifty-two week low of $18.67 and a fifty-two week high of $33.76. The company has a 50 day simple moving average of $20.76 and a two-hundred day simple moving average of $22.12.

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.