ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Short Interest Down 54.5% in August

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 7,503 shares, a decrease of 54.5% from the July 30th total of 16,491 shares. Approximately 2.2% of the shares of the company are sold short. Based on an average trading volume of 5,369 shares, the short-interest ratio is presently 1.4 days.

Institutional Investors Weigh In On ProShares Ultra MSCI Emerging Markets

Hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its position in ProShares Ultra MSCI Emerging Markets by 54,900.0% in 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 during the last quarter. Global Assets Advisory LLC acquired a new position in ProShares Ultra MSCI Emerging Markets in the 1st quarter valued at $89,000. Jane Street Group LLC purchased a new position in ProShares Ultra MSCI Emerging Markets during the 2nd quarter worth $428,000. IMC Chicago LLC raised 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 worth $1,070,000 after buying an additional 2,565 shares during the last quarter. Finally, PMV Capital Advisers LLC lifted 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 acquiring an additional 11,681 shares during the period.

ProShares Ultra MSCI Emerging Markets Trading Down 1.1%

Shares of EET stock traded down $1.25 during midday trading on Friday, hitting $110.67. The company had a trading volume of 1,890 shares, compared to its average volume of 13,135. The company’s 50 day simple moving average is $107.70 and its 200 day simple moving average is $103.89. ProShares Ultra MSCI Emerging Markets has a 52-week low of $66.41 and a 52-week high of $129.02.

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.