ProShares UltraShort MSCI Japan (NYSEARCA:EWV) Short Interest Update

ProShares UltraShort MSCI Japan (NYSEARCA:EWV) saw a large growth in short interest in May. As of May 31st, there was short interest totalling 5,500 shares, a growth of 139.1% from the May 15th total of 2,300 shares. Based on an average trading volume of 7,000 shares, the days-to-cover ratio is presently 0.8 days. Currently, 3.4% of the shares of the company are short sold.

ProShares UltraShort MSCI Japan Trading Up 1.9%

EWV stock traded up $0.63 during trading on Friday, reaching $34.03. The company’s stock had a trading volume of 1,576 shares, compared to its average volume of 8,287. The company’s fifty day moving average is $36.40 and its 200-day moving average is $39.28. ProShares UltraShort MSCI Japan has a 1 year low of $32.60 and a 1 year high of $53.60.

Hedge Funds Weigh In On ProShares UltraShort MSCI Japan

A hedge fund recently bought a new stake in ProShares UltraShort MSCI Japan stock. Csenge Advisory Group bought a new stake in shares of ProShares UltraShort MSCI Japan (NYSEARCA:EWV) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,607 shares of the company’s stock, valued at approximately $379,000. Csenge Advisory Group owned about 8.74% of ProShares UltraShort MSCI Japan as of its most recent filing with the Securities and Exchange Commission.

About ProShares UltraShort MSCI Japan

ProShares UltraShort MSCI Japan (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the MSCI Japan 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 Japan.