ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) Stock Short Interest Climbs 174.4%

ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 19,308 shares, an increase of 174.4% from the September 30th total of 7,037 shares. Currently, 2.2% of the company’s stock are short sold. Based on an average daily volume of 48,889 shares, the short-interest ratio is presently 0.4 days.

ProShares Short MSCI Emerging Markets Stock Up 2.6%

EUM stock opened at $17.21 on Friday. The business has a 50-day moving average of $15.94 and a 200-day moving average of $16.93. ProShares Short MSCI Emerging Markets has a fifty-two week low of $15.01 and a fifty-two week high of $21.33.

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.