ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) Short Interest Up 102.8% in January

ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) was the recipient of a significant growth in short interest in January. As of January 30th, there was short interest totaling 18,401 shares, a growth of 102.8% from the January 15th total of 9,075 shares. Based on an average daily trading volume, of 16,584 shares, the days-to-cover ratio is presently 1.1 days. Currently, 11.5% of the company’s stock are sold short. Currently, 11.5% of the company’s stock are sold short. Based on an average daily trading volume, of 16,584 shares, the days-to-cover ratio is presently 1.1 days.

ProShares UltraShort MSCI Emerging Markets Price Performance

Shares of EEV traded down $0.10 during mid-day trading on Friday, hitting $15.04. The stock had a trading volume of 4,594 shares, compared to its average volume of 11,440. ProShares UltraShort MSCI Emerging Markets has a fifty-two week low of $14.70 and a fifty-two week high of $41.12. The company’s fifty day simple moving average is $17.49 and its two-hundred day simple moving average is $19.89.

Institutional Trading of ProShares UltraShort MSCI Emerging Markets

A hedge fund recently bought a new stake in ProShares UltraShort MSCI Emerging Markets stock. Jane Street Group LLC purchased a new position in ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 12,486 shares of the company’s stock, valued at approximately $156,000. Jane Street Group LLC owned about 3.47% of ProShares UltraShort MSCI Emerging Markets as of its most recent filing with the Securities and Exchange Commission.

ProShares UltraShort MSCI Emerging Markets Company Profile

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.