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 May 16, 2024, EUO stock price climbed to $30.72 with 4,865 million shares trading.

EUO has a beta of -0.37, meaning it tends to be less sensitive to market movements. EUO has a correlation of 0.14 to the broad based SPY ETF.

EUO has a market cap of $38.40 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, EUO stock traded as high as $36.53 and as low as $22.30.

EUO has underperformed the market in the last year with a price return of +5.7% while the SPY ETF gained +29.6%. EUO has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -0.3% and -3.0%, respectively, while the SPY returned +5.6% and +5.7%, respectively.

EUO support price is $30.45 and resistance is $30.81 (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 stock will trade within this expected range on the day.