ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) Sees Large Growth in Short Interest

ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 55,890 shares, an increase of 290.0% from the April 15th total of 14,329 shares. Based on an average daily trading volume, of 93,329 shares, the short-interest ratio is currently 0.6 days. Approximately 11.0% of the company’s stock are sold short.

Hedge Funds Weigh In On ProShares Short MSCI Emerging Markets

A hedge fund recently raised its stake in ProShares Short MSCI Emerging Markets stock. Jane Street Group LLC raised its position in shares of ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) by 12.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,153 shares of the company’s stock after purchasing an additional 1,089 shares during the quarter. Jane Street Group LLC owned 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 3.5%

NYSEARCA:EUM traded up $0.57 during trading hours on Friday, reaching $16.70. 193,913 shares of the company traded hands, compared to its average volume of 126,564. The business’s 50-day moving average price is $18.07 and its two-hundred day moving average price is $19.02. ProShares Short MSCI Emerging Markets has a 1 year low of $15.72 and a 1 year high of $24.78.

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.