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

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 2,445 shares, a drop of 90.3% from the April 15th total of 25,201 shares. Based on an average trading volume of 6,680 shares, the short-interest ratio is presently 0.4 days. Currently, 0.5% of the company’s shares are short sold.

Hedge Funds Weigh In On ProShares Ultra MSCI Emerging Markets

A number of institutional investors have recently modified their holdings of the stock. Global Assets Advisory LLC purchased a new stake in shares of ProShares Ultra MSCI Emerging Markets in the first quarter valued at approximately $89,000. Northwestern Mutual Wealth Management Co. grew 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 buying an additional 1,098 shares in the last quarter. Jane Street Group LLC increased its stake in shares of ProShares Ultra MSCI Emerging Markets by 94.1% during the fourth quarter. Jane Street Group LLC now owns 5,975 shares of the exchange traded fund’s stock valued at $482,000 after buying an additional 2,896 shares during the period. Tempus Wealth Planning LLC purchased a new position in shares of ProShares Ultra MSCI Emerging Markets during the third quarter valued at $709,000. Finally, IMC Chicago LLC lifted its stake in ProShares Ultra MSCI Emerging Markets by 24.0% in the fourth quarter. IMC Chicago LLC now owns 13,271 shares of the exchange traded fund’s stock worth $1,070,000 after acquiring an additional 2,565 shares during the period.

ProShares Ultra MSCI Emerging Markets Stock Performance

ProShares Ultra MSCI Emerging Markets stock traded down $8.76 during mid-day trading on Tuesday, hitting $109.39. The company’s stock had a trading volume of 7,774 shares, compared to its average volume of 14,489. ProShares Ultra MSCI Emerging Markets has a one year low of $56.00 and a one year high of $120.31. The company has a 50 day moving average of $94.28 and a 200-day moving average of $88.85.

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.