ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) Sees Large Decrease in Short Interest

ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) saw a large decline in short interest in September. As of September 30th, there was short interest totaling 3,076 shares, a decline of 78.6% from the September 15th total of 14,361 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average trading volume of 20,804 shares, the days-to-cover ratio is presently 0.1 days.

ProShares UltraShort MSCI Emerging Markets Stock Performance

NYSEARCA:EEV traded up $0.38 during trading hours on Tuesday, reaching $11.00. 4,017 shares of the company were exchanged, compared to its average volume of 47,115. The stock’s 50-day moving average is $10.73 and its 200-day moving average is $11.96. ProShares UltraShort MSCI Emerging Markets has a twelve month low of $9.98 and a twelve month high of $21.24.

ProShares UltraShort MSCI Emerging Markets Company Profile

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.