ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET – Get Free Report) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 5,438 shares, a drop of 57.7% from the June 15th total of 12,871 shares. Based on an average daily trading volume, of 8,032 shares, the days-to-cover ratio is currently 0.7 days. Currently, 1.5% of the company’s shares are short sold.
ProShares Ultra MSCI Emerging Markets Price Performance
Shares of EET traded up $0.03 during mid-day trading on Wednesday, hitting $107.23. 10,510 shares of the company’s stock traded hands, compared to its average volume of 14,996. The business’s 50-day moving average price is $114.24 and its 200-day moving average price is $100.43. ProShares Ultra MSCI Emerging Markets has a 1 year low of $63.08 and a 1 year high of $129.02.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in EET. PMV Capital Advisers LLC raised its stake in ProShares Ultra MSCI Emerging Markets by 556.2% in the first quarter. PMV Capital Advisers LLC now owns 13,781 shares of the exchange traded fund’s stock worth $1,154,000 after buying an additional 11,681 shares in the last quarter. Legacy Wealth Partners LLC grew its holdings in shares of ProShares Ultra MSCI Emerging Markets by 91.3% during the 1st quarter. Legacy Wealth Partners LLC now owns 14,842 shares of the exchange traded fund’s stock worth $1,243,000 after acquiring an additional 7,084 shares during the period. Jane Street Group LLC purchased a new position in shares of ProShares Ultra MSCI Emerging Markets during the 2nd quarter worth approximately $428,000. IMC Chicago LLC raised its position in shares of ProShares Ultra MSCI Emerging Markets by 24.0% in the 4th quarter. IMC Chicago LLC now owns 13,271 shares of the exchange traded fund’s stock worth $1,070,000 after acquiring an additional 2,565 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of ProShares Ultra MSCI Emerging Markets by 54,900.0% in the 4th 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.
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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