Shorting the euro lost some believers this week as ProShares UltraShort Euro’s EUO posted $1.40 million in outflows on February 13, 2026. The leveraged bearish euro fund now manages $32.1 million in assets, with the latest redemption equal to roughly 4.35% of its AUM, hinting at a meaningful shift in positioning.
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The related asset, FX:EUR-USD, is currently trading at 1.18398, up about 2.42% over the past three months as the common currency grinds higher. Its one-day technical outlook stands at a cautious Hold, suggesting traders are reassessing how far the euro’s recovery can run before volatility returns.
The sizable outflows from EUO indicate some investors are locking in profits or abandoning defensive euro bets as spot markets stabilize. If euro strength persists, demand for leveraged bearish exposure could remain under pressure, but a renewed bout of FX volatility might quickly reverse that flow narrative.
For a more detailed analysis and real-time sentiment trends, check the live currency exchange rates here.

