Shorting the euro just got a little less crowded. ProShares UltraShort Euro’s EUO ETF saw outflows of $5.76 million on April 13, 2026, a sharp reversal that trimmed its assets under management to about $38.85 million. The single-day withdrawal equates to roughly 14.8% of AUM, signaling that a notable slice of investors is stepping back from leveraged bearish bets on the common currency.
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The move comes as the related asset, FX:EUR-USD, trades around 1.17815, having gained about 1.55% over the past three months. The pair’s 1-day technical signal is flashing a cautious Buy, suggesting near-term euro strength and potentially explaining why traders are unwinding exposure to a fund designed to profit when the euro falls against the dollar.
For leveraged products like EUO, such a large percentage outflow in a single session often reflects shifting macro narratives rather than a simple risk-off move. With the euro firming and technicals tilting positive, some investors may be locking in gains on prior dollar-strength trades or rotating toward less leveraged currency exposure. For a more detailed analysis and real-time sentiment trends, check the live currency exchange rates here.