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

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 13,972 shares, a growth of 471.5% from the April 30th total of 2,445 shares. Currently, 3.0% of the shares of the stock are short sold. Based on an average trading volume of 13,167 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Legacy Wealth Partners LLC raised its position in ProShares Ultra MSCI Emerging Markets by 91.3% in the first quarter. Legacy Wealth Partners LLC now owns 14,842 shares of the exchange traded fund’s stock worth $1,243,000 after acquiring an additional 7,084 shares in the last quarter. PMV Capital Advisers LLC increased its position in shares of ProShares Ultra MSCI Emerging Markets by 556.2% in 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 in the last quarter. IMC Chicago LLC increased its position in shares of ProShares Ultra MSCI Emerging Markets by 24.0% in the fourth quarter. IMC Chicago LLC now owns 13,271 shares of the exchange traded fund’s stock valued at $1,070,000 after buying an additional 2,565 shares in the last quarter. Tempus Wealth Planning LLC purchased a new position in shares of ProShares Ultra MSCI Emerging Markets in the third quarter valued at $709,000. Finally, Jane Street Group LLC purchased a new position in shares of ProShares Ultra MSCI Emerging Markets in the second quarter valued at $428,000.

ProShares Ultra MSCI Emerging Markets Trading Up 0.5%

NYSEARCA:EET traded up $0.55 during trading hours on Friday, hitting $119.66. The company’s stock had a trading volume of 23,919 shares, compared to its average volume of 14,779. The business’s 50-day moving average is $100.49 and its two-hundred day moving average is $91.90. ProShares Ultra MSCI Emerging Markets has a 52-week low of $56.00 and a 52-week high of $123.53.

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.