ProShares Short MSCI EAFE Price & Performance (EFZ)

The ProShares Short MSCI EAFE ETF (EFZ) has been downgraded from a buy to a sell candidate following a 1.04% drop to $15.50 on April 17. The ETF remains in a broad, downward trend, with technical signals indicating continued weakness in the coming weeks. Trading volume also fell, underscoring investor caution.12

ProShares Short MSCI EAFE (EFZ) traded at $15.60 as of April 21, with 2.9 million shares moving. While EFZ underperformed the market over the past year, losing 3.7%, it has outperformed the S&P 500 in the last three months and two weeks, suggesting recent relative strength despite a challenging year overall.34

EFZ is trading in a horizontal range, with support at $15.29 and resistance at $15.71. Technical indicators show negative signals, and the ETF's recent volatility highlights increased risk. Despite this, the risk/reward profile for short-term trades remains attractive, especially as the price nears key support.15