ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) Stock Short Interest Rises 535.4%

ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) was the target of a significant increase in short interest in October. As of October 30th, there was short interest totaling 122,689 shares, an increase of 535.4% from the October 15th total of 19,308 shares. Currently, 12.1% of the company’s shares are short sold. Based on an average daily trading volume, of 59,095 shares, the days-to-cover ratio is presently 2.1 days.

ProShares Short MSCI Emerging Markets Price Performance

NYSEARCA:EUM opened at $17.29 on Wednesday. The firm has a 50 day simple moving average of $16.17 and a 200-day simple moving average of $16.87. ProShares Short MSCI Emerging Markets has a 1-year low of $15.01 and a 1-year high of $21.33.

ProShares Short MSCI Emerging Markets Company Profile

ProShares Short MSCI Emerging Markets (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the MSCI Emerging Markets Index. The MSCI Emerging Markets 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 -100% of the daily return of the MSCI Emerging Markets Index.