ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) Short Interest Up 253.7% in January

ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 9,075 shares, an increase of 253.7% from the December 31st total of 2,566 shares. Currently, 5.7% of the company’s shares are short sold. Based on an average trading volume of 11,709 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 11,709 shares, the days-to-cover ratio is currently 0.8 days. Currently, 5.7% of the company’s shares are short sold.

ProShares UltraShort MSCI Emerging Markets Stock Performance

NYSEARCA:EEV traded up $0.68 during trading hours on Friday, hitting $16.06. The company had a trading volume of 9,623 shares, compared to its average volume of 14,096. The stock has a 50-day moving average price of $18.35 and a 200 day moving average price of $20.50. ProShares UltraShort MSCI Emerging Markets has a 52 week low of $15.22 and a 52 week high of $41.12.

Hedge Funds Weigh In On ProShares UltraShort MSCI Emerging Markets

A hedge fund recently bought a new stake in ProShares UltraShort MSCI Emerging Markets stock. Jane Street Group LLC purchased a new position in ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,486 shares of the company’s stock, valued at approximately $156,000. Jane Street Group LLC owned approximately 3.47% of ProShares UltraShort MSCI Emerging Markets at the end of the most recent reporting period.

About ProShares UltraShort MSCI Emerging Markets

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