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

ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 55,890 shares, an increase of 290.0% from the April 15th total of 14,329 shares. Based on an average daily trading volume, of 93,329 shares, the days-to-cover ratio is currently 0.6 days. Currently, 11.0% of the shares of the stock are sold short.

Institutional Trading of ProShares Short MSCI Emerging Markets

A hedge fund recently raised its stake in ProShares Short MSCI Emerging Markets stock. Jane Street Group LLC increased its stake in shares of ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) by 12.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,153 shares of the company’s stock after purchasing an additional 1,089 shares during the quarter. Jane Street Group LLC owned approximately 2.31% of ProShares Short MSCI Emerging Markets worth $234,000 as of its most recent filing with the Securities and Exchange Commission.

ProShares Short MSCI Emerging Markets Trading Up 3.5%

Shares of EUM stock traded up $0.57 during mid-day trading on Friday, reaching $16.70. The stock had a trading volume of 193,913 shares, compared to its average volume of 126,564. The business has a 50-day simple moving average of $18.07 and a 200 day simple moving average of $19.02. ProShares Short MSCI Emerging Markets has a 12-month low of $15.72 and a 12-month high of $24.78.

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.