ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) Shares Shorted: Short Interest Up 146.2% in October

ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) was the target of a large growth in short interest in October. As of October 30th, there was short interest totaling 6,186 shares, a growth of 146.2% from the October 15th total of 2,513 shares. Based on an average trading volume of 14,818 shares, the short-interest ratio is currently 0.4 days. Approximately 2.9% of the company’s stock are short sold.

ProShares UltraShort MSCI Emerging Markets Price Performance

EEV stock traded up $0.20 during trading on Friday, hitting $12.69. 1,179 shares of the company’s stock were exchanged, compared to its average volume of 43,489. The business has a 50-day moving average price of $11.31 and a two-hundred day moving average price of $12.74. ProShares UltraShort MSCI Emerging Markets has a 52-week low of $9.98 and a 52-week high of $21.24.

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.