ProShares UltraShort Euro (NYSEARCA:EUO) Sees Significant Growth in Short Interest

ProShares UltraShort Euro (NYSEARCA:EUO) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 22,141 shares, a growth of 84.1% from the June 15th total of 12,025 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average trading volume of 22,327 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Verity Asset Management Inc. purchased a new stake in shares of ProShares UltraShort Euro in the fourth quarter valued at approximately $582,000. Jane Street Group LLC acquired a new stake in shares of ProShares UltraShort Euro in the first quarter valued at approximately $237,000. Finally, Osaic Holdings Inc. purchased a new position in ProShares UltraShort Euro during the second quarter worth approximately $33,000.

ProShares UltraShort Euro Stock Down 0.2%

ProShares UltraShort Euro stock opened at $30.63 on Friday. ProShares UltraShort Euro has a fifty-two week low of $26.93 and a fifty-two week high of $31.13. The company has a 50 day moving average price of $30.03 and a 200-day moving average price of $29.22.

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.