Short Interest in ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Decreases By 85.3%

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 2,056 shares, a decline of 85.3% from the May 14th total of 13,972 shares. Based on an average trading volume of 17,329 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Trading of ProShares Ultra MSCI Emerging Markets

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

ProShares Ultra MSCI Emerging Markets Stock Down 3.3%

Shares of NYSEARCA EET traded down $3.63 during midday trading on Wednesday, reaching $105.25. 5,640 shares of the company’s stock were exchanged, compared to its average volume of 14,983. ProShares Ultra MSCI Emerging Markets has a 52-week low of $59.56 and a 52-week high of $126.97. The business’s fifty day moving average price is $105.20 and its two-hundred day moving average price is $93.81.

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.