ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Stock Short Interest Declines 38.4%

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 10,837 shares, a decrease of 38.4% from the August 31st total of 17,584 shares. Based on an average daily volume of 12,754 shares, the days-to-cover ratio is presently 0.8 days. Currently, 2.9% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EET. Global Assets Advisory LLC bought a new position in shares of ProShares Ultra MSCI Emerging Markets in the 1st quarter valued at about $89,000. Legacy Wealth Partners LLC lifted its holdings in ProShares Ultra MSCI Emerging Markets by 91.3% in the first quarter. Legacy Wealth Partners LLC now owns 14,842 shares of the exchange traded fund’s stock valued at $1,243,000 after buying an additional 7,084 shares during the period. Finally, PMV Capital Advisers LLC lifted its holdings 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 buying an additional 11,681 shares during the period.

ProShares Ultra MSCI Emerging Markets Stock Down 1.1%

Shares of EET traded down $1.24 during trading hours on Thursday, reaching $106.83. 1,363 shares of the company traded hands, compared to its average volume of 12,888. The stock’s fifty day moving average is $108.26 and its 200 day moving average is $106.24. ProShares Ultra MSCI Emerging Markets has a 1-year low of $72.11 and a 1-year high of $129.02.

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.