ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) Shares Shorted: Short Interest Up 535.4% in October

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

ProShares Short MSCI Emerging Markets Price Performance

EUM stock traded up $0.21 during trading on Friday, reaching $17.33. 3,068 shares of the company traded hands, compared to its average volume of 106,581. ProShares Short MSCI Emerging Markets has a 12 month low of $15.01 and a 12 month high of $21.33. The business has a 50 day simple moving average of $16.22 and a 200 day simple moving average of $16.85.

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.