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

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 5,438 shares, a decrease of 57.7% from the June 15th total of 12,871 shares. Approximately 1.5% of the company’s stock are sold short. Based on an average daily volume of 8,032 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On ProShares Ultra MSCI Emerging Markets

Hedge funds have recently bought and sold shares of the business. Legacy Wealth Partners LLC lifted its holdings in shares of ProShares Ultra MSCI Emerging Markets by 91.3% during the first 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 last quarter. PMV Capital Advisers LLC grew 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. IMC Chicago LLC increased its position in 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 valued at $1,070,000 after buying an additional 2,565 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in ProShares Ultra MSCI Emerging Markets by 54,900.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,100 shares of the exchange traded fund’s stock valued at $89,000 after buying an additional 1,098 shares in the last quarter. Finally, Jane Street Group LLC increased its position in ProShares Ultra MSCI Emerging Markets by 94.1% during the 4th quarter. Jane Street Group LLC now owns 5,975 shares of the exchange traded fund’s stock valued at $482,000 after buying an additional 2,896 shares in the last quarter.

ProShares Ultra MSCI Emerging Markets Stock Performance

ProShares Ultra MSCI Emerging Markets stock traded up $4.38 on Tuesday, hitting $107.99. 39,164 shares of the stock traded hands, compared to its average volume of 15,029. ProShares Ultra MSCI Emerging Markets has a 1 year low of $63.08 and a 1 year high of $129.02. The business’s fifty day simple moving average is $114.50 and its 200 day simple moving average is $100.04.

About ProShares Ultra MSCI Emerging Markets

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.