ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Short Interest Update

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 2,445 shares, a decrease of 90.3% from the April 15th total of 25,201 shares. Based on an average daily volume of 6,680 shares, the short-interest ratio is presently 0.4 days. Currently, 0.5% of the company’s shares are sold short.

Institutional Investors Weigh In On ProShares Ultra MSCI Emerging Markets

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Global Assets Advisory LLC purchased a new stake in ProShares Ultra MSCI Emerging Markets during the first quarter valued at approximately $89,000. Legacy Wealth Partners LLC grew its stake in shares of ProShares Ultra MSCI Emerging Markets by 91.3% during the first quarter. Legacy Wealth Partners LLC now owns 14,842 shares of the exchange traded fund’s stock valued at $1,243,000 after buying an additional 7,084 shares during the last quarter. PMV Capital Advisers LLC grew its stake in shares of ProShares Ultra MSCI Emerging Markets by 556.2% during the first quarter. PMV Capital Advisers LLC now owns 13,781 shares of the exchange traded fund’s stock valued at $1,154,000 after buying an additional 11,681 shares during the last quarter. Jane Street Group LLC grew its stake in shares of ProShares Ultra MSCI Emerging Markets by 94.1% during the fourth quarter. Jane Street Group LLC now owns 5,975 shares of the exchange traded fund’s stock valued at $482,000 after buying an additional 2,896 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of ProShares Ultra MSCI Emerging Markets by 54,900.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,100 shares of the exchange traded fund’s stock valued at $89,000 after buying an additional 1,098 shares during the last quarter.

ProShares Ultra MSCI Emerging Markets Trading Up 0.3%

EET stock traded up $0.31 during midday trading on Monday, reaching $118.15. 16,905 shares of the company traded hands, compared to its average volume of 14,565. ProShares Ultra MSCI Emerging Markets has a 52-week low of $56.00 and a 52-week high of $120.31. The business has a 50 day moving average of $94.28 and a 200-day moving average of $88.85.

About ProShares Ultra MSCI Emerging Markets

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.