EUO Stock Summary and Trading Ideas (ProShares Ultrashort Euro | ARCA:EUO)

ProShares UltraShort Euro seeks daily investment results before fees and expenses that correspond to twice (200%) the inverse (opposite) of the daily performance of the U.S. Dollar price of the Euro.

ProShares Ultrashort Euro trades on the ARCA stock market under the symbol EUO.

As of December 13, 2024, EUO stock price declined to $33.91 with 6,311 million shares trading.

EUO has a beta of -0.15, meaning it tends to be less sensitive to market movements. EUO has a correlation of 0.03 to the broad based SPY ETF.

EUO has a market cap of $40.70 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, EUO traded as high as $36.53 and as low as $25.34.

EUO has underperformed the market in the last year with a return of +13.4%, while SPY returned +29.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in EUO shares. However, EUO has outperformed the market in the last 3 month and 2 week periods, returning +12.6% and +1.3%, while SPY returned +7.8% and +0.3%, respectively. This indicates EUO has been having a stronger performance recently.

EUO support price is $33.75 and resistance is $34.41 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EUO shares will trade within this expected range on the day.