ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) Short Interest Up 112.0% in August

ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 17,617 shares, an increase of 112.0% from the July 30th total of 8,308 shares. Approximately 8.4% of the shares of the company are short sold. Based on an average trading volume of 42,208 shares, the days-to-cover ratio is currently 0.4 days.

ProShares UltraShort MSCI Emerging Markets Price Performance

Shares of NYSEARCA:EEV opened at $10.72 on Friday. ProShares UltraShort MSCI Emerging Markets has a 12-month low of $10.01 and a 12-month high of $24.08. The business has a 50 day moving average of $11.31 and a two-hundred day moving average of $13.11.

Institutional Trading of ProShares UltraShort MSCI Emerging Markets

An institutional investor recently raised its position in ProShares UltraShort MSCI Emerging Markets stock. Verity Asset Management Inc. raised its position in ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) by 80.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,640 shares of the company’s stock after buying an additional 10,114 shares during the period. Verity Asset Management Inc. owned about 6.86% of ProShares UltraShort MSCI Emerging Markets worth $231,000 at the end of the most recent quarter.

ProShares UltraShort MSCI Emerging Markets Company Profile

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