ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV – Get Free Report) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 15,519 shares, a drop of 97.4% from the April 30th total of 599,444 shares. Currently, 5.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 118,470 shares, the days-to-cover ratio is presently 0.1 days.
ProShares UltraShort MSCI Emerging Markets Stock Down 0.5%
Shares of EEV traded down $0.06 during mid-day trading on Thursday, hitting $11.32. The company’s stock had a trading volume of 25,173 shares, compared to its average volume of 59,772. The firm has a 50-day simple moving average of $14.31 and a 200 day simple moving average of $16.42. ProShares UltraShort MSCI Emerging Markets has a 1-year low of $11.21 and a 1-year high of $28.80.
Hedge Funds Weigh In On ProShares UltraShort MSCI Emerging Markets
An institutional investor recently bought a new position in ProShares UltraShort MSCI Emerging Markets stock. Jane Street Group LLC purchased a new position in shares of ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,486 shares of the company’s stock, valued at approximately $156,000. Jane Street Group LLC owned approximately 3.47% of ProShares UltraShort MSCI Emerging Markets as of its most recent filing with the Securities and Exchange Commission (SEC).
ProShares UltraShort MSCI Emerging Markets Company Profile
ProShares UltraShort MSCI Emerging Markets (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the MSCI Emerging Markets Index (the Index). The 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 -200% of the daily return of the Index.
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