ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) Short Interest Update

ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) was the target of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 2,600 shares, an increase of 85.7% from the May 15th total of 1,400 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 18,700 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On ProShares Short MSCI Emerging Markets

An institutional investor recently bought a new position in ProShares Short MSCI Emerging Markets stock. Jane Street Group LLC purchased a new stake in ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,925 shares of the company’s stock, valued at approximately $240,000. Jane Street Group LLC owned 0.89% of ProShares Short MSCI Emerging Markets at the end of the most recent quarter.

ProShares Short MSCI Emerging Markets Stock Performance

Shares of ProShares Short MSCI Emerging Markets stock traded down $0.25 during trading on Monday, hitting $23.69. 20,149 shares of the stock traded hands, compared to its average volume of 14,280. ProShares Short MSCI Emerging Markets has a 52-week low of $23.56 and a 52-week high of $29.46. The stock’s fifty day simple moving average is $25.22 and its 200 day simple moving average is $25.90.

About ProShares Short MSCI Emerging Markets

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.