ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) Shares Shorted: Short Interest Up 174.4% in October

ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 19,308 shares, a growth of 174.4% from the September 30th total of 7,037 shares. Approximately 2.2% of the company’s shares are short sold. Based on an average trading volume of 48,889 shares, the days-to-cover ratio is presently 0.4 days.

ProShares Short MSCI Emerging Markets Stock Up 2.6%

Shares of ProShares Short MSCI Emerging Markets stock traded up $0.44 during trading on Friday, reaching $17.21. 59,048 shares of the company traded hands, compared to its average volume of 110,637. ProShares Short MSCI Emerging Markets has a 1-year low of $15.01 and a 1-year high of $21.33. The company has a 50 day moving average price of $15.92 and a 200-day moving average price of $16.94.

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.