ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Short Interest Update

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

Hedge Funds Weigh In On ProShares Ultra MSCI Emerging Markets

Several institutional investors have recently made changes to their positions in EET. Global Assets Advisory LLC purchased a new stake in ProShares Ultra MSCI Emerging Markets in the first quarter worth about $89,000. Legacy Wealth Partners LLC increased its position in ProShares Ultra MSCI Emerging Markets by 91.3% during the 1st 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 period. PMV Capital Advisers LLC increased its position in ProShares Ultra MSCI Emerging Markets by 556.2% during the 1st quarter. PMV Capital Advisers LLC now owns 13,781 shares of the exchange traded fund’s stock valued at $1,154,000 after purchasing an additional 11,681 shares during the period. Jane Street Group LLC raised its holdings in shares of ProShares Ultra MSCI Emerging Markets by 94.1% in the 4th quarter. Jane Street Group LLC now owns 5,975 shares of the exchange traded fund’s stock valued at $482,000 after purchasing an additional 2,896 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of ProShares Ultra MSCI Emerging Markets by 54,900.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,100 shares of the exchange traded fund’s stock worth $89,000 after purchasing an additional 1,098 shares during the period.

ProShares Ultra MSCI Emerging Markets Trading Down 5.1%

NYSEARCA EET traded down $4.99 on Wednesday, reaching $92.45. 8,648 shares of the stock traded hands, compared to its average volume of 14,577. The company has a fifty day moving average price of $111.97 and a 200-day moving average price of $101.62. ProShares Ultra MSCI Emerging Markets has a 12 month low of $63.08 and a 12 month high of $129.02.

About ProShares Ultra MSCI Emerging Markets

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.