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

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 12,871 shares, an increase of 526.0% from the May 31st total of 2,056 shares. Based on an average trading volume of 15,364 shares, the short-interest ratio is presently 0.8 days. Approximately 2.8% of the shares of the stock are short sold.

ProShares Ultra MSCI Emerging Markets Stock Down 1.5%

EET stock traded down $1.70 during mid-day trading on Friday, reaching $114.02. The company’s stock had a trading volume of 2,944 shares, compared to its average volume of 14,105. The company’s 50 day moving average is $112.47 and its two-hundred day moving average is $97.28. ProShares Ultra MSCI Emerging Markets has a fifty-two week low of $63.08 and a fifty-two week high of $129.02.

Hedge Funds Weigh In On ProShares Ultra MSCI Emerging Markets

Institutional investors have recently added to or reduced their stakes in the stock. PMV Capital Advisers LLC grew its holdings in 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 valued at $1,154,000 after buying an additional 11,681 shares in the last quarter. Legacy Wealth Partners LLC boosted its position in shares of ProShares Ultra MSCI Emerging Markets by 91.3% during the 1st quarter. Legacy Wealth Partners LLC now owns 14,842 shares of the exchange traded fund’s stock valued at $1,243,000 after acquiring an additional 7,084 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of ProShares Ultra MSCI Emerging Markets in the second quarter valued at about $428,000. IMC Chicago LLC increased its position in ProShares Ultra MSCI Emerging Markets by 24.0% during the fourth quarter. IMC Chicago LLC now owns 13,271 shares of the exchange traded fund’s stock worth $1,070,000 after purchasing an additional 2,565 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in ProShares Ultra MSCI Emerging Markets by 54,900.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,100 shares of the exchange traded fund’s stock worth $89,000 after purchasing an additional 1,098 shares during the last quarter.

ProShares Ultra MSCI Emerging Markets Company Profile

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.