ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET – Get Free Report) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 17,584 shares, a growth of 134.4% from the August 15th total of 7,503 shares. Currently, 5.2% of the company’s stock are short sold. Based on an average daily volume of 4,397 shares, the days-to-cover ratio is currently 4.0 days.
ProShares Ultra MSCI Emerging Markets Price Performance
NYSEARCA EET opened at $112.53 on Monday. The firm has a 50 day simple moving average of $107.42 and a 200-day simple moving average of $104.85. ProShares Ultra MSCI Emerging Markets has a one year low of $72.11 and a one year high of $129.02.
Institutional Trading of ProShares Ultra MSCI Emerging Markets
A number of large investors have recently modified their holdings of EET. Northwestern Mutual Wealth Management Co. boosted its holdings in ProShares Ultra MSCI Emerging Markets by 54,900.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,100 shares of the exchange traded fund’s stock valued at $89,000 after purchasing an additional 1,098 shares during the period. Global Assets Advisory LLC purchased a new stake in ProShares Ultra MSCI Emerging Markets during the 1st quarter worth about $89,000. Jane Street Group LLC purchased a new stake in ProShares Ultra MSCI Emerging Markets during the 2nd quarter worth about $428,000. PMV Capital Advisers LLC raised its position in ProShares Ultra MSCI Emerging Markets by 556.2% in the 1st quarter. PMV Capital Advisers LLC now owns 13,781 shares of the exchange traded fund’s stock valued at $1,154,000 after purchasing an additional 11,681 shares in the last quarter. Finally, Legacy Wealth Partners LLC raised its position in ProShares Ultra MSCI Emerging Markets by 91.3% in the 1st quarter. Legacy Wealth Partners LLC now owns 14,842 shares of the exchange traded fund’s stock valued at $1,243,000 after purchasing an additional 7,084 shares in the last quarter.
About ProShares Ultra MSCI Emerging Markets
ProShares Ultra MSCI Emerging Markets (the Fund) seeks daily investment results that correspond to twice (200%) 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 Index consists of 25 emerging market country indexes, including Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Jordan, Korea, Malaysia, Mexico, Morocco, Pakistan, Peru, the Philippines, Poland, Russia, South Africa, Taiwan, Thailand and Turkey.
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