ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) Short Interest Update

ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 256,378 shares, an increase of 2,522.0% from the July 15th total of 9,778 shares. Based on an average daily volume of 90,290 shares, the short-interest ratio is presently 2.8 days. Currently, 38.3% of the shares of the company are sold short.

Hedge Funds Weigh In On ProShares Short MSCI Emerging Markets

A hedge fund recently raised its stake in ProShares Short MSCI Emerging Markets stock. Jane Street Group LLC lifted its position in ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) by 12.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,153 shares of the company’s stock after purchasing an additional 1,089 shares during the quarter. Jane Street Group LLC owned about 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 Stock Down 0.3%

NYSEARCA EUM opened at $16.14 on Wednesday. ProShares Short MSCI Emerging Markets has a twelve month low of $15.01 and a twelve month high of $22.98. The stock has a 50-day moving average of $16.09 and a 200 day moving average of $17.24.

About ProShares Short MSCI Emerging Markets

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.