ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Sees Significant Decline in Short Interest

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EETGet Free Report) was the target of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 7,503 shares, a decrease of 54.5% from the July 30th total of 16,491 shares. Approximately 2.2% of the company’s stock are short sold. Based on an average daily trading volume, of 5,369 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in ProShares Ultra MSCI Emerging Markets by 54,900.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,100 shares of the exchange traded fund’s stock worth $89,000 after purchasing an additional 1,098 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in ProShares Ultra MSCI Emerging Markets in the 1st quarter valued at about $89,000. Jane Street Group LLC bought a new position in shares of ProShares Ultra MSCI Emerging Markets during the 2nd quarter worth approximately $428,000. IMC Chicago LLC lifted its position in shares of ProShares Ultra MSCI Emerging Markets by 24.0% during the 4th quarter. IMC Chicago LLC now owns 13,271 shares of the exchange traded fund’s stock worth $1,070,000 after buying an additional 2,565 shares in the last quarter. Finally, PMV Capital Advisers LLC boosted its stake in shares of 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 worth $1,154,000 after buying an additional 11,681 shares during the last quarter.

ProShares Ultra MSCI Emerging Markets Price Performance

EET traded down $1.25 during mid-day trading on Friday, reaching $110.67. 1,890 shares of the stock were exchanged, compared to its average volume of 13,135. The company has a 50 day moving average price of $107.70 and a two-hundred day moving average price of $103.89. ProShares Ultra MSCI Emerging Markets has a 1 year low of $66.41 and a 1 year high of $129.02.

About ProShares Ultra MSCI Emerging Markets

(Get Free Report)

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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