ProShares Short MSCI Emerging Markets (NYSEARCA:EUM – Get Free Report) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 10,685 shares, a drop of 80.9% from the April 30th total of 55,890 shares. Based on an average daily volume of 80,432 shares, the days-to-cover ratio is currently 0.1 days. Approximately 2.1% of the shares of the company are sold short.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in ProShares Short MSCI Emerging Markets stock. Jane Street Group LLC raised its stake in ProShares Short MSCI Emerging Markets (NYSEARCA:EUM – Free Report) by 12.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,153 shares of the company’s stock after purchasing an additional 1,089 shares during the quarter. Jane Street Group LLC owned 2.31% of ProShares Short MSCI Emerging Markets worth $234,000 at the end of the most recent reporting period.
ProShares Short MSCI Emerging Markets Stock Performance
Shares of EUM stock remained flat at $15.82 during midday trading on Friday. The company’s stock had a trading volume of 66,743 shares, compared to its average volume of 122,377. The stock has a 50-day simple moving average of $17.54 and a 200 day simple moving average of $18.74. ProShares Short MSCI Emerging Markets has a one year low of $15.72 and a one year high of $24.78.
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. 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.
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