ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV – Get Free Report) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 17,617 shares, an increase of 112.0% from the July 30th total of 8,308 shares. Based on an average daily volume of 42,208 shares, the short-interest ratio is presently 0.4 days. Currently, 8.4% of the shares of the stock are sold short.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in ProShares UltraShort MSCI Emerging Markets stock. Verity Asset Management Inc. lifted its holdings in shares of ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV – Free Report) by 80.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,640 shares of the company’s stock after buying an additional 10,114 shares during the quarter. Verity Asset Management Inc. owned approximately 6.86% of ProShares UltraShort MSCI Emerging Markets worth $231,000 as of its most recent SEC filing.
ProShares UltraShort MSCI Emerging Markets Stock Up 1.3%
NYSEARCA EEV opened at $10.72 on Friday. The stock has a 50-day moving average of $11.31 and a 200 day moving average of $13.11. ProShares UltraShort MSCI Emerging Markets has a twelve month low of $10.01 and a twelve month high of $24.08.
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.
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