ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) Short Interest Update

ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) was the recipient of a significant growth in short interest in May. As of May 31st, there was short interest totalling 2,600 shares, a growth of 85.7% from the May 15th total of 1,400 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 18,700 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On ProShares Short MSCI Emerging Markets

A hedge fund recently bought a new stake in ProShares Short MSCI Emerging Markets stock. Jane Street Group LLC purchased a new stake in ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 8,925 shares of the company’s stock, valued at approximately $240,000. Jane Street Group LLC owned 0.89% of ProShares Short MSCI Emerging Markets at the end of the most recent reporting period.

ProShares Short MSCI Emerging Markets Stock Performance

Shares of ProShares Short MSCI Emerging Markets stock traded down $0.25 during trading hours on Monday, hitting $23.69. The company’s stock had a trading volume of 20,149 shares, compared to its average volume of 14,280. ProShares Short MSCI Emerging Markets has a twelve month low of $23.56 and a twelve month high of $29.46. The firm has a fifty day moving average of $25.22 and a 200-day moving average of $25.90.

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.