ProShares Short MSCI Emerging Markets (NYSEARCA:EUM – Get Free Report) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 55,890 shares, an increase of 290.0% from the April 15th total of 14,329 shares. Based on an average daily volume of 93,329 shares, the short-interest ratio is presently 0.6 days. Approximately 11.0% of the company’s shares are sold short.
ProShares Short MSCI Emerging Markets Stock Down 2.2%
ProShares Short MSCI Emerging Markets stock traded down $0.37 during trading hours on Wednesday, hitting $16.16. The stock had a trading volume of 55,333 shares, compared to its average volume of 126,949. ProShares Short MSCI Emerging Markets has a 12-month low of $15.72 and a 12-month high of $24.78. The stock’s 50-day moving average price is $18.16 and its 200-day moving average price is $19.06.
Hedge Funds Weigh In On ProShares Short MSCI Emerging Markets
A hedge fund recently raised its stake in ProShares Short MSCI Emerging Markets stock. Jane Street Group LLC increased its stake in shares of ProShares Short MSCI Emerging Markets (NYSEARCA:EUM – Free Report) by 12.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,153 shares of the company’s stock after acquiring an additional 1,089 shares during the quarter. Jane Street Group LLC owned about 2.31% of ProShares Short MSCI Emerging Markets worth $234,000 at the end of the most recent quarter.
About ProShares Short MSCI Emerging Markets
ProShares Short MSCI Emerging Markets (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the MSCI Emerging Markets Index. The MSCI Emerging Markets Index adjusts the market capitalization of index constituents for free float and targets for index inclusion 85% of free float-adjusted market capitalization in each industry group in global emerging markets countries. The Fund takes positions in securities and/or financial instruments that, in combination, should have similar daily return characteristics as -100% of the daily return of the MSCI Emerging Markets Index.
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