ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV – Get Free Report) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 10,579 shares, a growth of 42.8% from the March 31st total of 7,406 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 45,483 shares, the short-interest ratio is currently 0.2 days.
Institutional Trading of ProShares UltraShort MSCI Emerging Markets
An institutional investor recently bought a new position in ProShares UltraShort MSCI Emerging Markets stock. Jane Street Group LLC purchased a new stake in ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 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 stock traded down $0.62 during trading hours on Thursday, hitting $13.13. 12,323 shares of the company’s stock were exchanged, compared to its average volume of 54,155. The stock’s 50-day moving average is $15.52 and its 200-day moving average is $17.32. ProShares UltraShort MSCI Emerging Markets has a 52 week low of $13.13 and a 52 week high of $31.00.
ProShares UltraShort MSCI Emerging Markets Company Profile
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.
Further Reading
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