ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) Sees Significant Growth in Short Interest

ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 599,444 shares, an increase of 5,566.4% from the April 15th total of 10,579 shares. Based on an average trading volume of 165,114 shares, the short-interest ratio is presently 3.6 days. Currently, 222.0% of the shares of the company are sold short.

Hedge Funds Weigh In On ProShares UltraShort MSCI Emerging Markets

A hedge fund recently raised its stake in ProShares UltraShort MSCI Emerging Markets stock. Verity Asset Management Inc. lifted its stake in ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) by 80.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,640 shares of the company’s stock after buying an additional 10,114 shares during the quarter. Verity Asset Management Inc. owned approximately 6.86% of ProShares UltraShort MSCI Emerging Markets worth $231,000 as of its most recent SEC filing.

ProShares UltraShort MSCI Emerging Markets Stock Up 0.2%

Shares of NYSEARCA:EEV traded up $0.02 during midday trading on Monday, reaching $11.66. The company’s stock had a trading volume of 46,969 shares, compared to its average volume of 61,765. The stock has a fifty day moving average of $15.38 and a 200 day moving average of $17.11. ProShares UltraShort MSCI Emerging Markets has a twelve month low of $11.58 and a twelve month high of $28.80.

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.