ProShares UltraShort MSCI EAFE (EFU)

The ProShares UltraShort MSCI EAFE (EFU) is an exchange-traded fund (ETF) that seeks to provide twice the inverse daily performance of the MSCI EAFE Index. The MSCI EAFE Index is a benchmark of developed market equities, including companies from Europe, Australasia, and the Far East.

EFU uses short positions in equity index swaps, futures contracts, and other derivatives to achieve its investment objective. As a leveraged ETF, EFU is designed to magnify the returns and losses of its underlying index, making it a potentially attractive option for investors looking to hedge against or profit from declines in the MSCI EAFE Index.