ProShares UltraShort FTSE Europe (NYSEARCA:EPV) Sees Large Decrease in Short Interest

ProShares UltraShort FTSE Europe (NYSEARCA:EPV) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 16,788 shares, a drop of 21.3% from the January 29th total of 21,340 shares. Approximately 3.2% of the shares of the stock are short sold. Based on an average trading volume of 10,719 shares, the days-to-cover ratio is presently 1.6 days. Based on an average trading volume of 10,719 shares, the days-to-cover ratio is presently 1.6 days. Approximately 3.2% of the shares of the stock are short sold.

Institutional Trading of ProShares UltraShort FTSE Europe

Hedge funds have recently made changes to their positions in the company. Verity Asset Management Inc. lifted its stake in ProShares UltraShort FTSE Europe by 17.8% in the fourth quarter. Verity Asset Management Inc. now owns 21,833 shares of the company’s stock worth $477,000 after acquiring an additional 3,302 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of ProShares UltraShort FTSE Europe during the 4th quarter worth $394,000. Two Sigma Securities LLC acquired a new position in shares of ProShares UltraShort FTSE Europe during the second quarter worth $297,000. Finally, Simplex Trading LLC purchased a new position in ProShares UltraShort FTSE Europe in the second quarter valued at $122,000.

ProShares UltraShort FTSE Europe Trading Up 0.6%

Shares of ProShares UltraShort FTSE Europe stock opened at $18.95 on Monday. The business’s 50 day moving average price is $20.32 and its 200 day moving average price is $22.97. ProShares UltraShort FTSE Europe has a one year low of $18.67 and a one year 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.