ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET – Get Free Report) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 10,837 shares, a decline of 38.4% from the August 31st total of 17,584 shares. Based on an average daily volume of 12,754 shares, the days-to-cover ratio is currently 0.8 days. Approximately 2.9% of the shares of the company are short sold.
Hedge Funds Weigh In On ProShares Ultra MSCI Emerging Markets
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legacy Wealth Partners LLC increased its holdings in shares of 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 during the period. PMV Capital Advisers LLC grew its position in ProShares Ultra MSCI Emerging Markets by 556.2% during the first 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, Global Assets Advisory LLC purchased a new position in ProShares Ultra MSCI Emerging Markets during the first quarter valued at approximately $89,000.
ProShares Ultra MSCI Emerging Markets Stock Down 1.1%
Shares of EET stock traded down $1.24 during mid-day trading on Thursday, hitting $106.83. 1,363 shares of the stock traded hands, compared to its average volume of 12,888. ProShares Ultra MSCI Emerging Markets has a twelve month low of $72.11 and a twelve month high of $129.02. The company’s 50-day simple moving average is $108.26 and its 200-day simple moving average is $106.24.
ProShares Ultra MSCI Emerging Markets Company Profile
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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