Short Interest in ProShares UltraShort FTSE Europe (NYSEARCA:EPV) Rises By 290.1%

ProShares UltraShort FTSE Europe (NYSEARCA:EPV) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 86,763 shares, an increase of 290.1% from the February 26th total of 22,241 shares. Based on an average daily volume of 45,416 shares, the short-interest ratio is presently 1.9 days. Currently, 16.4% of the shares of the company are sold short.

ProShares UltraShort FTSE Europe Price Performance

Shares of NYSEARCA EPV opened at $23.34 on Friday. The company’s fifty day moving average price is $20.56 and its 200 day moving average price is $22.55. ProShares UltraShort FTSE Europe has a 1 year low of $18.67 and a 1 year high of $42.45.

ProShares UltraShort FTSE Europe Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, March 25th.

Institutional Investors Weigh In On ProShares UltraShort FTSE Europe

Institutional investors have recently modified their holdings of the business. Verity Asset Management Inc. raised its holdings in ProShares UltraShort FTSE Europe by 17.8% in the 4th quarter. Verity Asset Management Inc. now owns 21,833 shares of the company’s stock worth $477,000 after purchasing an additional 3,302 shares during the period. Two Sigma Securities LLC purchased a new position in ProShares UltraShort FTSE Europe during the second quarter worth approximately $297,000. Finally, Jane Street Group LLC acquired a new stake in ProShares UltraShort FTSE Europe in the fourth quarter valued at approximately $394,000.

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.