Short Interest in ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) Drops By 18.5%

ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) was the recipient of a large drop in short interest in February. As of February 13th, there was short interest totaling 14,994 shares, a drop of 18.5% from the January 29th total of 18,401 shares. Based on an average daily trading volume, of 6,197 shares, the days-to-cover ratio is presently 2.4 days. Currently, 9.4% of the shares of the company are short sold. Currently, 9.4% of the shares of the company are short sold. Based on an average daily trading volume, of 6,197 shares, the days-to-cover ratio is presently 2.4 days.

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. increased its stake in ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) by 15.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 12,526 shares of the company’s stock after buying an additional 1,705 shares during the quarter. Verity Asset Management Inc. owned 3.49% of ProShares UltraShort MSCI Emerging Markets worth $156,000 at the end of the most recent quarter.

ProShares UltraShort MSCI Emerging Markets Stock Performance

Shares of EEV stock traded up $0.59 during trading on Thursday, hitting $16.54. The company’s stock had a trading volume of 5,109 shares, compared to its average volume of 14,415. The business has a fifty day moving average of $16.23 and a 200-day moving average of $19.05. ProShares UltraShort MSCI Emerging Markets has a 52 week low of $13.97 and a 52 week high of $41.12.

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.