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

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 12,871 shares, a growth of 526.0% from the May 31st total of 2,056 shares. Based on an average daily volume of 15,364 shares, the short-interest ratio is currently 0.8 days. Currently, 2.8% of the company’s shares are short sold.

ProShares Ultra MSCI Emerging Markets Stock Down 1.5%

NYSEARCA EET traded down $1.70 on Friday, reaching $114.02. The stock had a trading volume of 2,944 shares, compared to its average volume of 14,105. ProShares Ultra MSCI Emerging Markets has a 12-month low of $63.08 and a 12-month high of $129.02. The stock has a fifty day moving average price of $112.47 and a two-hundred day moving average price of $97.28.

Institutional Investors Weigh In On ProShares Ultra MSCI Emerging Markets

Several institutional investors and hedge funds have recently modified their holdings of EET. Jane Street Group LLC acquired a new position in ProShares Ultra MSCI Emerging Markets during the 2nd quarter worth about $428,000. IMC Chicago LLC increased its stake in ProShares Ultra MSCI Emerging Markets by 24.0% during the fourth quarter. IMC Chicago LLC now owns 13,271 shares of the exchange traded fund’s stock worth $1,070,000 after purchasing an additional 2,565 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake 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 worth $89,000 after purchasing an additional 1,098 shares during the period. PMV Capital Advisers LLC lifted its position in shares of 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 in the last quarter. Finally, Legacy Wealth Partners LLC boosted its stake in shares of ProShares Ultra MSCI Emerging Markets by 91.3% in the first quarter. Legacy Wealth Partners LLC now owns 14,842 shares of the exchange traded fund’s stock valued at $1,243,000 after purchasing an additional 7,084 shares during the period.

About ProShares Ultra MSCI Emerging Markets

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.