ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Short Interest Update

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 10,837 shares, a drop of 38.4% from the August 31st total of 17,584 shares. Based on an average daily volume of 12,754 shares, the short-interest ratio is currently 0.8 days. Currently, 2.9% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EET. Legacy Wealth Partners LLC raised its stake in ProShares Ultra MSCI Emerging Markets by 91.3% in 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 acquiring an additional 7,084 shares during the period. PMV Capital Advisers LLC boosted its position in ProShares Ultra MSCI Emerging Markets by 556.2% during the first quarter. PMV Capital Advisers LLC now owns 13,781 shares of the exchange traded fund’s stock worth $1,154,000 after purchasing an additional 11,681 shares during the period. Finally, Global Assets Advisory LLC bought a new position in ProShares Ultra MSCI Emerging Markets during the first quarter worth $89,000.

ProShares Ultra MSCI Emerging Markets Trading Up 1.9%

ProShares Ultra MSCI Emerging Markets stock traded up $2.02 during midday trading on Friday, reaching $109.81. 2,624 shares of the company’s stock were exchanged, compared to its average volume of 12,836. The stock’s 50-day simple moving average is $108.34 and its 200 day simple moving average is $106.41. ProShares Ultra MSCI Emerging Markets has a 52 week low of $72.11 and a 52 week high of $129.02.

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.