ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) Short Interest Update

ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEVGet Free Report) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 599,444 shares, a growth of 5,566.4% from the April 15th total of 10,579 shares. Approximately 222.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 165,114 shares, the days-to-cover ratio is presently 3.6 days.

Hedge Funds 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. raised its stake in shares of ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEVFree Report) by 80.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,640 shares of the company’s stock after purchasing an additional 10,114 shares during the period. Verity Asset Management Inc. owned 6.86% of ProShares UltraShort MSCI Emerging Markets worth $231,000 at the end of the most recent quarter.

ProShares UltraShort MSCI Emerging Markets Trading Up 0.2%

Shares of NYSEARCA:EEV traded up $0.02 during midday trading on Monday, reaching $11.66. 46,969 shares of the company’s stock traded hands, compared to its average volume of 61,765. ProShares UltraShort MSCI Emerging Markets has a 1 year low of $11.58 and a 1 year high of $28.80. The company has a fifty day simple moving average of $15.38 and a two-hundred day simple moving average of $17.11.

About ProShares UltraShort MSCI Emerging Markets

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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.

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