Short Interest in ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Rises By 128.4%

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 12,418 shares, an increase of 128.4% from the June 30th total of 5,438 shares. Approximately 3.5% of the shares of the company are sold short. Based on an average daily volume of 23,910 shares, the short-interest ratio is presently 0.5 days.

ProShares Ultra MSCI Emerging Markets Trading Up 10.4%

Shares of EET stock traded up $9.58 during mid-day trading on Thursday, reaching $102.03. 3,264 shares of the company’s stock traded hands, compared to its average volume of 14,498. ProShares Ultra MSCI Emerging Markets has a 12 month low of $63.08 and a 12 month high of $129.02. The firm has a 50 day moving average price of $111.97 and a two-hundred day moving average price of $101.62.

Hedge Funds Weigh In On ProShares Ultra MSCI Emerging Markets

A number of hedge funds and other institutional investors have recently modified their holdings of EET. Legacy Wealth Partners LLC lifted its position in ProShares Ultra MSCI Emerging Markets by 91.3% during 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 purchasing an additional 7,084 shares during 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 worth $1,154,000 after buying an additional 11,681 shares during the last quarter. IMC Chicago LLC raised its position in shares of ProShares Ultra MSCI Emerging Markets by 24.0% during the 4th quarter. IMC Chicago LLC now owns 13,271 shares of the exchange traded fund’s stock valued at $1,070,000 after buying an additional 2,565 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised 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 valued at $89,000 after buying an additional 1,098 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of ProShares Ultra MSCI Emerging Markets in the 2nd quarter valued at about $428,000.

ProShares Ultra MSCI Emerging Markets Company Profile

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.