ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) Short Interest Update

ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 17,617 shares, a growth of 112.0% from the July 30th total of 8,308 shares. Approximately 8.4% of the company’s shares are sold short. Based on an average daily trading volume, of 42,208 shares, the short-interest ratio is presently 0.4 days.

ProShares UltraShort MSCI Emerging Markets Stock Performance

Shares of NYSEARCA EEV opened at $10.72 on Monday. ProShares UltraShort MSCI Emerging Markets has a 1 year low of $10.01 and a 1 year high of $24.08. The firm’s 50 day moving average price is $11.31 and its 200 day moving average price is $13.09.

Hedge Funds Weigh In On ProShares UltraShort MSCI Emerging Markets

A hedge fund recently raised its stake in ProShares UltraShort MSCI Emerging Markets stock. Verity Asset Management Inc. increased its holdings in shares of ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) by 80.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,640 shares of the company’s stock after buying an additional 10,114 shares during the quarter. Verity Asset Management Inc. owned about 6.86% of ProShares UltraShort MSCI Emerging Markets worth $231,000 as of its most recent filing with the Securities and Exchange Commission.

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.