Euro Bears Blink as ProShares’ UltraShort EUO Sees Swift Outflows
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ProShares’ ProShares UltraShort Euro ETF, EUO, recorded a sharp reversal in sentiment on April 13, 2026, with investors pulling $5.76 million from the fund. The outflow represents roughly 14.8% of its $38.85 million in assets under management, signaling a notable retreat from leveraged bearish bets against the euro.
The related asset, FX:EUR-USD, is currently trading at 1.17887, up about 0.77% over the past three months. Short-term momentum also points higher, with a 1-day technical signal flashing Buy, which may be encouraging traders to scale back inverse exposure.
The sizeable one-day outflow from EUO suggests that macro traders are reassessing the durability of dollar strength and the appeal of leveraged downside plays on the euro. If the currency pair continues to firm, demand for ultra-short products like EUO could remain under pressure as investors pivot toward more neutral or euro-positive strategies.
For a more detailed analysis and real-time sentiment trends, check the live currency exchange rates here.