ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) Sees Significant Growth in Short Interest

ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 9,075 shares, an increase of 253.7% from the December 31st total of 2,566 shares. Based on an average daily volume of 11,709 shares, the days-to-cover ratio is currently 0.8 days. Approximately 5.7% of the shares of the company are short sold. Approximately 5.7% of the shares of the company are short sold. Based on an average daily volume of 11,709 shares, the days-to-cover ratio is currently 0.8 days.

ProShares UltraShort MSCI Emerging Markets Stock Performance

Shares of EEV stock traded down $0.20 on Wednesday, hitting $15.25. The company had a trading volume of 5,428 shares, compared to its average volume of 13,640. ProShares UltraShort MSCI Emerging Markets has a twelve month low of $15.22 and a twelve month high of $41.12. The company has a 50-day moving average price of $18.54 and a 200-day moving average price of $20.60.

Institutional Investors Weigh In On ProShares UltraShort MSCI Emerging Markets

A hedge fund recently raised its stake in ProShares UltraShort MSCI Emerging Markets stock. Verity Asset Management Inc. grew its position in shares of ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) by 80.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,640 shares of the company’s stock after purchasing an additional 10,114 shares during the quarter. Verity Asset Management Inc. owned approximately 6.86% of ProShares UltraShort MSCI Emerging Markets worth $231,000 as of its most recent SEC filing.

ProShares UltraShort MSCI Emerging Markets Company Profile

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.