ProShares Short MSCI Emerging Markets (NYSEARCA:EUM – Get Free Report) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 27,061 shares, a drop of 89.4% from the July 30th total of 256,378 shares. Based on an average trading volume of 100,991 shares, the days-to-cover ratio is currently 0.3 days. Approximately 4.0% of the shares of the stock are short sold.
Hedge Funds Weigh In On ProShares Short MSCI Emerging Markets
An institutional investor recently raised its position in ProShares Short MSCI Emerging Markets stock. Jane Street Group LLC boosted its position in ProShares Short MSCI Emerging Markets (NYSEARCA:EUM – Free Report) by 12.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 10,153 shares of the company’s stock after acquiring an additional 1,089 shares during the period. Jane Street Group LLC owned 2.31% of ProShares Short MSCI Emerging Markets worth $234,000 as of its most recent SEC filing.
ProShares Short MSCI Emerging Markets Trading Down 0.9%
Shares of EUM stock traded down $0.14 on Thursday, hitting $15.62. The company had a trading volume of 96,263 shares, compared to its average volume of 125,428. ProShares Short MSCI Emerging Markets has a twelve month low of $15.01 and a twelve month high of $22.63. The stock’s 50-day moving average is $16.06 and its two-hundred day moving average is $17.03.
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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