ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Sees Large Decline in Short Interest

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 5,438 shares, a decline of 57.7% from the June 15th total of 12,871 shares. Based on an average trading volume of 8,032 shares, the days-to-cover ratio is currently 0.7 days. Currently, 1.5% of the shares of the company are short sold.

ProShares Ultra MSCI Emerging Markets Stock Up 4.2%

Shares of EET traded up $4.38 during mid-day trading on Tuesday, hitting $107.99. 39,164 shares of the company traded hands, compared to its average volume of 15,029. The stock has a 50-day moving average price of $114.50 and a two-hundred day moving average price of $100.04. ProShares Ultra MSCI Emerging Markets has a 1 year low of $63.08 and a 1 year high of $129.02.

Institutional Investors Weigh In On ProShares Ultra MSCI Emerging Markets

A number of hedge funds have recently added to or reduced their stakes in the stock. Legacy Wealth Partners LLC lifted its holdings in shares of ProShares Ultra MSCI Emerging Markets by 91.3% during the 1st quarter. Legacy Wealth Partners LLC now owns 14,842 shares of the exchange traded fund’s stock valued at $1,243,000 after buying an additional 7,084 shares during the period. PMV Capital Advisers LLC grew its holdings in shares of ProShares Ultra MSCI Emerging Markets by 556.2% in the first quarter. PMV Capital Advisers LLC now owns 13,781 shares of the exchange traded fund’s stock worth $1,154,000 after acquiring an additional 11,681 shares during the period. IMC Chicago LLC grew its holdings in shares of ProShares Ultra MSCI Emerging Markets by 24.0% in the fourth quarter. IMC Chicago LLC now owns 13,271 shares of the exchange traded fund’s stock worth $1,070,000 after acquiring an additional 2,565 shares during the period. Jane Street Group LLC purchased a new stake in ProShares Ultra MSCI Emerging Markets during the second quarter valued at $428,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in ProShares Ultra MSCI Emerging Markets by 54,900.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,100 shares of the exchange traded fund’s stock valued at $89,000 after acquiring an additional 1,098 shares during the last quarter.

ProShares Ultra MSCI Emerging Markets Company Profile

ProShares Ultra MSCI Emerging Markets (the Fund) seeks daily investment results that correspond to twice (200%) 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 Index consists of 25 emerging market country indexes, including Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Jordan, Korea, Malaysia, Mexico, Morocco, Pakistan, Peru, the Philippines, Poland, Russia, South Africa, Taiwan, Thailand and Turkey.