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

ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 6,171 shares, a drop of 54.9% from the June 30th total of 13,698 shares. Based on an average daily trading volume, of 19,015 shares, the days-to-cover ratio is presently 0.3 days. Currently, 3.1% of the shares of the stock are short sold.

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% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,640 shares of the company’s stock after buying an additional 10,114 shares during the quarter. Verity Asset Management Inc. owned 6.86% of ProShares UltraShort MSCI Emerging Markets worth $231,000 at the end of the most recent reporting period.

ProShares UltraShort MSCI Emerging Markets Price Performance

Shares of NYSEARCA:EEV traded up $0.49 during midday trading on Tuesday, hitting $12.54. The stock had a trading volume of 17,032 shares, compared to its average volume of 50,666. The company’s 50-day moving average price is $11.42 and its 200-day moving average price is $13.95. ProShares UltraShort MSCI Emerging Markets has a fifty-two week low of $10.01 and a fifty-two week high of $25.34.

About ProShares UltraShort MSCI Emerging Markets

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.