ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV – Get Free Report) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 6,171 shares, a decline of 54.9% from the June 30th total of 13,698 shares. Based on an average daily trading volume, of 19,015 shares, the days-to-cover ratio is currently 0.3 days. Currently, 3.1% of the shares of the stock are short sold.
Institutional Investors Weigh In On ProShares UltraShort MSCI Emerging Markets
An institutional investor recently raised its stake in ProShares UltraShort MSCI Emerging Markets stock. Verity Asset Management Inc. grew its position in shares of ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV – Free Report) by 80.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 22,640 shares of the company’s stock after purchasing an additional 10,114 shares during the quarter. Verity Asset Management Inc. owned 6.86% of ProShares UltraShort MSCI Emerging Markets worth $231,000 as of its most recent filing with the SEC.
ProShares UltraShort MSCI Emerging Markets Trading Up 4.4%
Shares of NYSEARCA:EEV traded up $0.55 during trading on Wednesday, reaching $13.09. The company had a trading volume of 40,524 shares, compared to its average volume of 50,595. The firm’s fifty day moving average is $11.43 and its 200 day moving average is $13.89. ProShares UltraShort MSCI Emerging Markets has a twelve month low of $10.01 and a twelve month high of $25.34.
About ProShares UltraShort MSCI Emerging Markets
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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