ProShares Decline of the Retail Store ETF (NYSEARCA:EMTY) Sees Large Growth in Short Interest

ProShares Decline of the Retail Store ETF (NYSEARCA:EMTY) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 8,626 shares, a growth of 33.7% from the February 26th total of 6,454 shares. Based on an average trading volume of 2,603 shares, the short-interest ratio is currently 3.3 days. Currently, 4.1% of the shares of the company are sold short.

ProShares Decline of the Retail Store ETF Stock Down 0.3%

Shares of NYSEARCA:EMTY traded down $0.04 during trading on Monday, hitting $12.07. 10,747 shares of the company traded hands, compared to its average volume of 4,751. The business’s fifty day moving average is $11.45 and its 200-day moving average is $11.75. ProShares Decline of the Retail Store ETF has a one year low of $10.89 and a one year high of $15.39.

Hedge Funds Weigh In On ProShares Decline of the Retail Store ETF

A hedge fund recently bought a new stake in ProShares Decline of the Retail Store ETF stock. SG Americas Securities LLC acquired a new position in ProShares Decline of the Retail Store ETF (NYSEARCA:EMTY) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 25,573 shares of the company’s stock, valued at approximately $312,000. SG Americas Securities LLC owned 10.66% of ProShares Decline of the Retail Store ETF as of its most recent SEC filing.

About ProShares Decline of the Retail Store ETF

The ProShares Decline of the Retail Store ETF (EMTY) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund provides inverse exposure to an equally weighted index of US stocks in the retail industry using swap agreements. EMTY was launched on Nov 14, 2017 and is managed by ProShares.