ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Short Interest Up 134.4% in August

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 17,584 shares, a growth of 134.4% from the August 15th total of 7,503 shares. Based on an average trading volume of 4,397 shares, the days-to-cover ratio is currently 4.0 days. Approximately 5.2% of the company’s stock are sold short.

Institutional Investors Weigh In On ProShares Ultra MSCI Emerging Markets

Several institutional investors have recently modified their holdings of EET. Global Assets Advisory LLC acquired a new stake in ProShares Ultra MSCI Emerging Markets in the first quarter valued at $89,000. Northwestern Mutual Wealth Management Co. boosted its position 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. Jane Street Group LLC boosted its position in shares of ProShares Ultra MSCI Emerging Markets by 94.1% during the 4th quarter. Jane Street Group LLC now owns 5,975 shares of the exchange traded fund’s stock worth $482,000 after acquiring an additional 2,896 shares in the last quarter. PMV Capital Advisers LLC increased its holdings in shares of ProShares Ultra MSCI Emerging Markets by 556.2% in the 1st 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. Finally, Legacy Wealth Partners LLC increased its holdings in shares of ProShares Ultra MSCI Emerging Markets by 91.3% in the 1st quarter. Legacy Wealth Partners LLC now owns 14,842 shares of the exchange traded fund’s stock valued at $1,243,000 after acquiring an additional 7,084 shares during the last quarter.

ProShares Ultra MSCI Emerging Markets Stock Performance

NYSEARCA EET opened at $112.53 on Monday. ProShares Ultra MSCI Emerging Markets has a 52 week low of $72.11 and a 52 week high of $129.02. The firm has a 50 day moving average of $107.42 and a two-hundred day moving average of $104.85.

About ProShares Ultra MSCI Emerging Markets

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.