ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV – Get Free Report) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 15,519 shares, a decline of 97.4% from the April 30th total of 599,444 shares. Based on an average trading volume of 118,470 shares, the short-interest ratio is currently 0.1 days. Currently, 5.7% of the shares of the stock are sold short.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in ProShares UltraShort MSCI Emerging Markets stock. Jane Street Group LLC bought a new position in shares of ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,486 shares of the company’s stock, valued at approximately $156,000. Jane Street Group LLC owned about 3.47% of ProShares UltraShort MSCI Emerging Markets as of its most recent SEC filing.
ProShares UltraShort MSCI Emerging Markets Price Performance
Shares of EEV traded down $0.04 during mid-day trading on Friday, hitting $11.28. 33,111 shares of the company traded hands, compared to its average volume of 59,508. ProShares UltraShort MSCI Emerging Markets has a one year low of $11.15 and a one year high of $28.80. The business has a 50-day moving average of $14.22 and a 200 day moving average of $16.36.
About ProShares UltraShort MSCI Emerging Markets
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.
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