ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) Sees Significant Drop in Short Interest

ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 3,076 shares, a decline of 78.6% from the September 15th total of 14,361 shares. Based on an average daily trading volume, of 20,804 shares, the days-to-cover ratio is currently 0.1 days. Currently, 1.2% of the shares of the stock are sold short.

ProShares UltraShort MSCI Emerging Markets Stock Performance

Shares of NYSEARCA:EEV traded up $0.19 on Monday, hitting $10.81. The company’s stock had a trading volume of 4,739 shares, compared to its average volume of 47,100. The company has a 50-day simple moving average of $10.74 and a 200 day simple moving average of $12.00. ProShares UltraShort MSCI Emerging Markets has a 1 year low of $9.98 and a 1 year high of $21.24.

About ProShares UltraShort MSCI Emerging Markets

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.