Short Interest in ProShares Decline of the Retail Store ETF (NYSEARCA:EMTY) Rises By 197.2%

ProShares Decline of the Retail Store ETF (NYSEARCA:EMTY) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 12,719 shares, an increase of 197.2% from the April 15th total of 4,279 shares. Based on an average daily volume of 7,823 shares, the days-to-cover ratio is currently 1.6 days. Approximately 5.1% of the shares of the stock are sold short.

ProShares Decline of the Retail Store ETF Price Performance

Shares of NYSEARCA:EMTY traded up $0.17 during midday trading on Friday, hitting $12.61. The company had a trading volume of 5,055 shares, compared to its average volume of 5,434. ProShares Decline of the Retail Store ETF has a twelve month low of $10.89 and a twelve month high of $13.10. The business’s 50-day simple moving average is $11.87 and its 200-day simple moving average is $11.80.

Institutional Investors Weigh In On ProShares Decline of the Retail Store ETF

An institutional investor recently bought a new position in ProShares Decline of the Retail Store ETF stock. SG Americas Securities LLC bought a new position in shares of ProShares Decline of the Retail Store ETF (NYSEARCA:EMTY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 25,573 shares of the company’s stock, valued at approximately $312,000. SG Americas Securities LLC owned about 10.66% of ProShares Decline of the Retail Store ETF as of its most recent SEC filing.

ProShares Decline of the Retail Store ETF Company Profile

The ProShares Decline of the Retail Store ETF (EMTY) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund provides inverse exposure to an equally weighted index of US stocks in the retail industry using swap agreements. EMTY was launched on Nov 14, 2017 and is managed by ProShares.