ProShares UltraShort MSCI Japan (NYSEARCA:EWV) Sees Large Drop in Short Interest

ProShares UltraShort MSCI Japan (NYSEARCA:EWV) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 7,363 shares, a drop of 39.7% from the May 31st total of 12,206 shares. Based on an average trading volume of 21,436 shares, the short-interest ratio is currently 0.3 days. Approximately 2.0% of the company’s stock are short sold.

ProShares UltraShort MSCI Japan Price Performance

EWV stock remained flat at $17.85 during trading on Friday. The company had a trading volume of 8,821 shares, compared to its average volume of 30,970. The firm’s 50-day moving average price is $18.78 and its 200-day moving average price is $21.07. ProShares UltraShort MSCI Japan has a 12-month low of $16.53 and a 12-month high of $35.26.

ProShares UltraShort MSCI Japan Company Profile

ProShares UltraShort MSCI Japan (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the MSCI Japan 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 Japan. 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.