Short Interest in ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) Decreases By 18.5%

ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) was the recipient of a large drop in short interest in February. As of February 13th, there was short interest totaling 14,994 shares, a drop of 18.5% from the January 29th total of 18,401 shares. Currently, 9.4% of the shares of the stock are sold short. Based on an average daily volume of 6,197 shares, the days-to-cover ratio is presently 2.4 days. Based on an average daily volume of 6,197 shares, the days-to-cover ratio is presently 2.4 days. Currently, 9.4% of the shares of the stock are sold short.

ProShares UltraShort MSCI Emerging Markets Price Performance

NYSEARCA:EEV traded up $1.50 on Tuesday, reaching $16.34. The stock had a trading volume of 54,353 shares, compared to its average volume of 14,343. ProShares UltraShort MSCI Emerging Markets has a 12-month low of $13.97 and a 12-month high of $41.12. The firm’s fifty day moving average is $16.29 and its two-hundred day moving average is $19.07.

Institutional Trading of ProShares UltraShort MSCI Emerging Markets

An institutional investor recently raised its position in ProShares UltraShort MSCI Emerging Markets stock. Verity Asset Management Inc. grew its holdings in shares of ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) by 15.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,526 shares of the company’s stock after purchasing an additional 1,705 shares during the quarter. Verity Asset Management Inc. owned approximately 3.49% of ProShares UltraShort MSCI Emerging Markets worth $156,000 at the end of the most recent quarter.

About ProShares UltraShort MSCI Emerging Markets

ProShares UltraShort MSCI Emerging Markets (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of 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 Fund takes positions in securities and/or financial instruments that, in combination, should have similar daily return characteristics as -200% of the daily return of the Index.