Seeking AlphaT3·36mo ago
EFZ ProShares Trust Short MSCI EAFE
ETF 23.19 DelayedETF quote, holdings, sector allocation, technicals, and options analytics. Expected move IV rank history Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
EFZ
$23.19
—
Key stats
$23.19
- 52-Week Range
- $21.94 – $27.28
- YTD
- -7.87%
- IV Rank (30D)
- 3.58
- Straddle Price
- $0.90
- P/C Vol Ratio
- 0.00
- Open
- $23.16
- Day Range
- $23.16 – $23.21
- Volume
- 866
- Prev Close
- $23.00
About
ProShares Trust Short MSCI EAFE (EFZ) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2007-10-23
- Has Options
- Yes
Fund profile
holdings as of Oct 21, 2026issuer datathrough May 2026flows, SEC filings
Resets to −1x its benchmark's return each day. Over longer periods the result compounds and can differ sharply from −1x the benchmark, especially when it is volatile. Decay analysis
- Expense ratio
- 0.95% prospectus, filed Apr 7, 2025
- Assets
- $9.0M shares × price, Oct 21, 2026
- Trailing yield
- 2.93% paid quarterly
- Average daily volume
- $186K 30 sessions
- Holdings
- 6 top 10 are 0.0%
- Listed
- Oct 23, 2007 NYSE Arca
Cost57
Liquidity9
Scale0
Diversificationn/a
Moves with. US large-cap stocks (56% of its variance, beta -0.95); Developed markets ex-US over US (26% of its variance, beta -0.82); Long Treasuries (4% of its variance, beta -0.18). These factors explain 91% of its daily moves over the last year.
Stated objective. ProShares Short MSCI EAFE (the Fund) seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the MSCI EAFE Index (the Index). (from the fund's prospectus)
All 6 holdingsFlow historyOverlap toolAll Inverse Equity ETFs
Fund flows
through May 2026SEC filings- May 2026
- −$3.3M latest reported month
- Latest 3 months
- +$5.2M +43.3% of assets
- Latest 12 months
- +$2.7M +22.8% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | −$3.3M |
| Apr 2026 | −$12M |
| Mar 2026 | +$21M |
| Feb 2026 | +$603K |
| Jan 2026 | +$302K |
| Dec 2025 | −$639K |
| Nov 2025 | +$131K |
| Oct 2025 | $0 |
| Sep 2025 | +$934K |
| Aug 2025 | +$277K |
| Jul 2025 | −$967K |
| Jun 2025 | −$3.1M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 81 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| SOXSDirexion Daily Semiconductor Bear 3X ETF | — | — | $3.1B | −94.3% | compare |
| SQQQProShares UltraPro Short QQQ | — | 0.95% | $2.0B | −49.1% | compare |
| SHProShares Short S&P500 | — | 0.89% | $950M | −12.8% | compare |
| PSQProShares Short QQQ | — | 0.95% | $636M | −16.9% | compare |
| SPXUProShares UltraPro Short S&P 500 | — | 0.89% | $436M | −36.5% | compare |
The largest other funds in the Inverse Equity category.
Under the hood
fiscal year to May 31, 2026SEC census- Authorized participants
- 4 active of 39 with agreements; top 3 did 97%
- Created · redeemed
- $39M · $36M over the fiscal year
- Redemptions in kind
- 0% creations -0% in kind
- Creation unit
- 10,000 shares
- Securities lending
- authorized, none lent
- Diversification status
- Non-diversified may concentrate in fewer issuers
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-10-21
Holdings
6
AUM
$4,839
Provider
ProShares
Inception
2007-10-23
Exchange
ARCX
Data As Of
2026-10-21
Expense Ratio
0.95%
Dividend Yield
2.93%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-23 | 2026-09-29 | $0.2327 | CD |
| 2026-06-24 | 2026-06-30 | $0.2624 | CD |
| 2026-03-25 | 2026-03-31 | $0.0299 | CD |
| 2025-12-24 | 2025-12-31 | $0.1485 | CD |
| 2025-09-24 | 2025-09-30 | $0.1478 | CD |
| 2025-06-25 | 2025-07-01 | $0.1484 | CD |
Asset Allocation
Top Holdings
top 6 of 6 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| IQMM | PROSHARES GENIUS MNY MKT ETF | 92.48% | Cash/Money Market | — |
| — | Net Other Assets (Liabilities) | 7.52% | Cash/Money Market | — |
| — | iShares MSCI EAFE (EFA) SWAP Societe Generale | -13.69% | Derivative | — |
| — | iShares MSCI EAFE (EFA) SWAP Citibank NA | -21.12% | Derivative | — |
| — | iShares MSCI EAFE (EFA) SWAP Goldman Sachs International | -26.48% | Derivative | — |
| — | iShares MSCI EAFE (EFA) SWAP UBS AG | -38.66% | Derivative | — |
Non-Equity Breakdown
ProShares Short MSCI EAFE ·
NPORT-P period 2026-05-31
(filed 2026-07-28)
Net assets:
$12M
· 9 total positions
· equity 0.00%
· non-equity 58.19%
Non-equity holdings
— 9 positions,
58.19% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Other | 83.60% | $10.0M | 1 |
| Repurchase agreement | 10.95% | $1.3M | 4 |
| Derivative (equity) | -36.35% | $-4353522 | 4 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 0.92% | 4.03% | -7.30% | -0.20% | -4.47% | -3.54% | -1.76% |
| Feb | -1.28% | 4.00% | 4.44% | -1.45% | -3.34% | -3.85% | -0.25% |
| Mar | -0.76% | -3.45% | -2.85% | -2.60% | 0.39% | 6.12% | -0.53% |
| Apr | -1.65% | 8.01% | -1.37% | 3.35% | -4.32% | -3.63% | 0.06% |
| May | -2.64% | -2.84% | 4.74% | -4.34% | -4.27% | -2.43% | -1.96% |
| Jun | 1.29% | 7.95% | -3.34% | 1.30% | -2.20% | -1.70% | 0.55% |
| Jul | -0.65% | -4.75% | -2.15% | -1.89% | 2.84% | -2.05% | -1.44% |
| Aug | -1.23% | 6.73% | 3.44% | -5.46% | -3.86% | -0.84% | -0.20% |
| Sep | 4.08% | 8.38% | 3.09% | -3.81% | -3.52% | 1.55% | 1.63% |
| Oct | -3.07% | -3.83% | 2.02% | 5.32% | -0.07% | -0.05%* | 0.05% |
| Nov | 5.41% | -11.03% | -6.26% | 0.93% | -0.87% | -- | -2.36% |
| Dec | -4.94% | 2.62% | -5.14% | 2.54% | -4.39% | -- | -1.86% |
| Total | -4.88% | 14.48% | -11.10% | -6.70% | -24.98% | -10.32% | -7.25% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $23.06
SMA 50: $22.70
SMA 200: $23.53
Current: $23.21
EMA 12: $23.11
EMA 26: $23.00
MACD: 0.1146 | Signal: -0.0168
BULLISH
ADX (14): 21.40
WEAK TREND
+DI: 43.39
−DI: 32.77
Momentum Oscillators
RSI (14): 55.88
NEUTRAL
Stoch %K: 36.51
Stoch %D: 41.81
Williams %R: -43.98
Volume & Volatility
BB Upper: $23.43
BB Lower: $22.68
NEUTRAL
OBV: -179,328
Vol SMA 20: 9,585
Vol ROC: -98.76%
ATR: $0.20
True Range: $0.21
HV 20: 11.5%
HV 30: 11.7%
HV 60: 11.5%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
Click Frenzy-Pro™ for an AI analysis of this ticker.
Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.
News
All EFZ news →
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EFZ Options Activity & IV Rank
EFZ IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 21.9%
7-DTE IV: —
Expected Move: $0.90
7-DTE Move: $0.90
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 1
Put Volume: 0
P/C Volume: —
BULLISH
Call OI: 1
Put OI: 0
P/C OI: —
Total OI: 1
ATM Options Pricing
ATM Call: $0.50
ATM Put: $0.40
Call %: 2.2%
Put %: 1.7%
Chain Summary
Chain Volume: 112
Chain OI: 66
Last Updated: 10/22/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
No data
30 DTE / 10d
—
—
pts
EXTREME
ATM 27.6% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)3.6LowOct 22
Straddle Price (30 DTE)$0.90Oct 22
Beta Analysis
Risk Metrics
Beta: -1.0096
Alpha: 3.38%
Correlation: -0.7719
R-Squared: 59.6%
Stock Volatility: 16.6%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Negative beta - stock moves opposite to market
Negative beta - stock moves opposite to market
Beta & Alpha Over Time
EFZ Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
688.00
SI % of Float
0.18%
Days to Cover
1.00
Short Vol Ratio
40.4%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|