ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) Sees Significant Drop in Short Interest

ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 6,104 shares, a drop of 82.2% from the June 15th total of 34,263 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 71,623 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently raised its position in ProShares Short MSCI Emerging Markets stock. Jane Street Group LLC increased its stake in ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) by 12.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,153 shares of the company’s stock after purchasing an additional 1,089 shares during the quarter. Jane Street Group LLC owned approximately 2.31% of ProShares Short MSCI Emerging Markets worth $234,000 at the end of the most recent quarter.

ProShares Short MSCI Emerging Markets Stock Up 3.6%

ProShares Short MSCI Emerging Markets stock traded up $0.57 during trading hours on Monday, hitting $16.39. The stock had a trading volume of 69,724 shares, compared to its average volume of 123,316. The stock’s 50-day moving average price is $16.02 and its 200-day moving average price is $17.72. ProShares Short MSCI Emerging Markets has a 12-month low of $15.01 and a 12-month high of $23.27.

About ProShares Short MSCI Emerging Markets

ProShares Short MSCI Emerging Markets (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the MSCI Emerging Markets Index. The MSCI Emerging Markets 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 -100% of the daily return of the MSCI Emerging Markets Index.