ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) Short Interest Down 97.4% in May

ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 15,519 shares, a drop of 97.4% from the April 30th total of 599,444 shares. Based on an average daily volume of 118,470 shares, the days-to-cover ratio is currently 0.1 days. Currently, 5.7% of the company’s shares are sold short.

ProShares UltraShort MSCI Emerging Markets Trading Up 0.5%

Shares of NYSEARCA:EEV traded up $0.06 during midday trading on Wednesday, reaching $11.38. The company had a trading volume of 48,523 shares, compared to its average volume of 60,118. ProShares UltraShort MSCI Emerging Markets has a 1-year low of $11.21 and a 1-year high of $28.80. The company has a fifty day simple moving average of $14.31 and a two-hundred day simple moving average of $16.42.

Institutional Investors Weigh In On ProShares UltraShort MSCI Emerging Markets

An institutional investor recently raised its position in ProShares UltraShort MSCI Emerging Markets stock. Verity Asset Management Inc. lifted its position in ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) by 80.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,640 shares of the company’s stock after acquiring 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 filing with the SEC.

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.