David R. Rahn & Associates Inc. purchased a new stake in shares of ProShares UltraShort MSCI EAFE (NYSEARCA:EFU – Get Rating) in the third quarter, HoldingsChannel reports. The institutional investor purchased 473,259 shares of the company's stock, valued at approximately $8,093,000. ProShares UltraShort MSCI EAFE accounts for approximately 3.9% of David R. Rahn & Associates Inc.'s holdings, making the stock its 11th largest holding. David R. Rahn & Associates Inc. owned about 1.08% of ProShares UltraShort MSCI EAFE at the end of the most recent reporting period.

Separately, Brookstone Capital Management acquired a new stake in shares of ProShares UltraShort MSCI EAFE in the second quarter valued at $273,000.

ProShares UltraShort MSCI EAFE Stock Down 0.9 %

Shares of EFU stock opened at $11.91 on Friday. The stock has a 50-day simple moving average of $13.09 and a 200 day simple moving average of $13.83. ProShares UltraShort MSCI EAFE has a fifty-two week low of $9.45 and a fifty-two week high of $17.80.

ProShares UltraShort MSCI EAFE Profile

ProShares UltraShort MSCI EAFE (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the MSCI EAFE Index. The MSCI EAFE Index (Europe, Australasia, Far East) adjusts the market capitalization of index constituents for free float and targets for index inclusion 85% of free float-adjusted market capitalization in each industry group, in developed market countries, excluding the United States and Canada.

Further Reading

• Get a free copy of the StockNews.com research report on ProShares UltraShort MSCI EAFE (EFU)
• MarketBeat: Week in Review 12/19 – 12/23
• These Steelmakers Deserve A Place On Your 2023 Watch List
• Inflation Cools, Where Does The S&P 500 Go Now
• Cintas Beats Inflation With Operating Leverage
• Your Decision to Buy Palantir May Simply Be a Matter of Time

Want to see what other hedge funds are holding EFU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraShort MSCI EAFE (NYSEARCA:EFU – Get Rating).

Receive News & Ratings for ProShares UltraShort MSCI EAFE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort MSCI EAFE and related companies with MarketBeat.com's FREE daily email newsletter.