ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Sees Significant Growth in Short Interest

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 12,871 shares, a growth of 526.0% from the May 31st total of 2,056 shares. Based on an average trading volume of 15,364 shares, the days-to-cover ratio is currently 0.8 days. Currently, 2.8% of the company’s stock are sold short.

Institutional Trading of ProShares Ultra MSCI Emerging Markets

A number of large investors have recently made changes to their positions in EET. Northwestern Mutual Wealth Management Co. lifted its stake in ProShares Ultra MSCI Emerging Markets by 54,900.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,100 shares of the exchange traded fund’s stock worth $89,000 after acquiring an additional 1,098 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in shares of ProShares Ultra MSCI Emerging Markets in the 1st quarter valued at approximately $89,000. Jane Street Group LLC acquired a new stake in shares of ProShares Ultra MSCI Emerging Markets in the 2nd quarter valued at $428,000. IMC Chicago LLC raised its holdings in shares of ProShares Ultra MSCI Emerging Markets by 24.0% in the 4th quarter. IMC Chicago LLC now owns 13,271 shares of the exchange traded fund’s stock valued at $1,070,000 after purchasing an additional 2,565 shares in the last quarter. Finally, PMV Capital Advisers LLC lifted its position in shares of ProShares Ultra MSCI Emerging Markets by 556.2% during the 1st quarter. PMV Capital Advisers LLC now owns 13,781 shares of the exchange traded fund’s stock worth $1,154,000 after purchasing an additional 11,681 shares during the last quarter.

ProShares Ultra MSCI Emerging Markets Trading Down 1.9%

EET traded down $2.21 on Friday, hitting $113.51. 7,373 shares of the company were exchanged, compared to its average volume of 14,153. ProShares Ultra MSCI Emerging Markets has a twelve month low of $63.08 and a twelve month high of $129.02. The firm has a 50-day moving average price of $112.74 and a two-hundred day moving average price of $97.40.

ProShares Ultra MSCI Emerging Markets Company Profile

ProShares Ultra MSCI Emerging Markets (the Fund) seeks daily investment results that correspond to twice (200%) 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 Index consists of 25 emerging market country indexes, including Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Jordan, Korea, Malaysia, Mexico, Morocco, Pakistan, Peru, the Philippines, Poland, Russia, South Africa, Taiwan, Thailand and Turkey.