Short Interest in ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) Grows By 180.3%

ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 29,949 shares, an increase of 180.3% from the May 14th total of 10,685 shares. Currently, 5.9% of the shares of the stock are short sold. Based on an average daily volume of 79,161 shares, the days-to-cover ratio is currently 0.4 days.

ProShares Short MSCI Emerging Markets Stock Performance

EUM stock traded down $0.05 during midday trading on Friday, hitting $15.93. 355,679 shares of the stock were exchanged, compared to its average volume of 121,733. The stock’s 50-day moving average price is $16.87 and its 200-day moving average price is $18.43. ProShares Short MSCI Emerging Markets has a fifty-two week low of $15.33 and a fifty-two week high of $24.22.

Hedge Funds Weigh In On ProShares Short MSCI Emerging Markets

An institutional investor recently raised its position in ProShares Short MSCI Emerging Markets stock. Jane Street Group LLC grew its stake in shares of ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) by 12.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,153 shares of the company’s stock after buying an additional 1,089 shares during the period. Jane Street Group LLC owned 2.31% of ProShares Short MSCI Emerging Markets worth $234,000 at the end of the most recent reporting period.

ProShares Short MSCI Emerging Markets Company Profile

ProShares Short MSCI Emerging Markets (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the MSCI Emerging Markets Index. The MSCI Emerging Markets 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 -100% of the daily return of the MSCI Emerging Markets Index.