ProShares Decline of the Retail Store ETF (NYSEARCA:EMTY) Sees Large Increase in Short Interest

ProShares Decline of the Retail Store ETF (NYSEARCA:EMTY) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 8,626 shares, an increase of 33.7% from the February 26th total of 6,454 shares. Based on an average trading volume of 2,603 shares, the days-to-cover ratio is currently 3.3 days. Approximately 4.1% of the company’s shares are short sold.

Institutional Trading of ProShares Decline of the Retail Store ETF

A hedge fund recently bought a new stake in ProShares Decline of the Retail Store ETF stock. SG Americas Securities LLC bought a new stake in shares of ProShares Decline of the Retail Store ETF (NYSEARCA:EMTY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,573 shares of the company’s stock, valued at approximately $312,000. SG Americas Securities LLC owned 10.66% of ProShares Decline of the Retail Store ETF at the end of the most recent reporting period.

ProShares Decline of the Retail Store ETF Price Performance

Shares of ProShares Decline of the Retail Store ETF stock traded up $0.12 during trading on Friday, hitting $12.11. The stock had a trading volume of 1,316 shares, compared to its average volume of 4,649. ProShares Decline of the Retail Store ETF has a 12 month low of $10.89 and a 12 month high of $15.39. The firm’s fifty day simple moving average is $11.45 and its 200-day simple moving average is $11.75.

About ProShares Decline of the Retail Store ETF

The ProShares Decline of the Retail Store ETF (EMTY) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund provides inverse exposure to an equally weighted index of US stocks in the retail industry using swap agreements. EMTY was launched on Nov 14, 2017 and is managed by ProShares.