ProShares UltraShort MSCI Japan (NYSEARCA:EWV) Sees Large Drop in Short Interest

ProShares UltraShort MSCI Japan (NYSEARCA:EWV) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 7,363 shares, a drop of 39.7% from the May 31st total of 12,206 shares. Approximately 2.0% of the shares of the company are sold short. Based on an average daily trading volume, of 21,436 shares, the days-to-cover ratio is presently 0.3 days.

ProShares UltraShort MSCI Japan Stock Up 0.9%

EWV traded up $0.16 on Wednesday, reaching $17.92. The company had a trading volume of 6,375 shares, compared to its average volume of 31,149. ProShares UltraShort MSCI Japan has a fifty-two week low of $16.53 and a fifty-two week high of $35.26. The company’s fifty day moving average is $18.84 and its 200 day moving average is $21.12.

ProShares UltraShort MSCI Japan Company Profile

ProShares UltraShort MSCI Japan (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the MSCI Japan 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 Japan. 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.