ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Sees Significant Decline in Short Interest

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 5,438 shares, a drop of 57.7% from the June 15th total of 12,871 shares. Based on an average daily trading volume, of 8,032 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.5% of the company’s stock are sold short.

Hedge Funds Weigh In On ProShares Ultra MSCI Emerging Markets

Several large investors have recently bought and sold shares of EET. Northwestern Mutual Wealth Management Co. boosted its stake in shares of ProShares Ultra MSCI Emerging Markets by 54,900.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,100 shares of the exchange traded fund’s stock worth $89,000 after acquiring an additional 1,098 shares in the last quarter. Global Assets Advisory LLC purchased a new position in ProShares Ultra MSCI Emerging Markets during the first quarter valued at approximately $89,000. Jane Street Group LLC purchased a new stake in shares of ProShares Ultra MSCI Emerging Markets during the second quarter worth $428,000. IMC Chicago LLC raised its stake in shares of ProShares Ultra MSCI Emerging Markets by 24.0% during the 4th quarter. IMC Chicago LLC now owns 13,271 shares of the exchange traded fund’s stock worth $1,070,000 after purchasing an additional 2,565 shares in the last quarter. Finally, PMV Capital Advisers LLC lifted its stake in ProShares Ultra MSCI Emerging Markets by 556.2% in the first quarter. PMV Capital Advisers LLC now owns 13,781 shares of the exchange traded fund’s stock valued at $1,154,000 after acquiring an additional 11,681 shares during the last quarter.

ProShares Ultra MSCI Emerging Markets Stock Down 4.3%

Shares of NYSEARCA:EET traded down $4.60 during midday trading on Thursday, reaching $102.63. The company had a trading volume of 24,145 shares, compared to its average volume of 15,064. The stock’s fifty day moving average price is $114.24 and its 200-day moving average price is $100.43. ProShares Ultra MSCI Emerging Markets has a one year low of $63.08 and a one year high of $129.02.

ProShares Ultra MSCI Emerging Markets Company Profile

ProShares Ultra MSCI Emerging Markets (the Fund) seeks daily investment results that correspond to twice (200%) 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 Index consists of 25 emerging market country indexes, including Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Jordan, Korea, Malaysia, Mexico, Morocco, Pakistan, Peru, the Philippines, Poland, Russia, South Africa, Taiwan, Thailand and Turkey.