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

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 12,871 shares, a growth of 526.0% from the May 31st total of 2,056 shares. Based on an average trading volume of 15,364 shares, the days-to-cover ratio is presently 0.8 days. Currently, 2.8% of the company’s stock are sold short.

ProShares Ultra MSCI Emerging Markets Price Performance

EET stock traded down $2.21 during mid-day trading on Friday, hitting $113.51. 7,373 shares of the company were exchanged, compared to its average volume of 14,153. The firm has a fifty day simple moving average of $112.74 and a 200 day simple moving average of $97.40. ProShares Ultra MSCI Emerging Markets has a twelve month low of $63.08 and a twelve month high of $129.02.

Hedge Funds Weigh In On ProShares Ultra MSCI Emerging Markets

Hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new position in ProShares Ultra MSCI Emerging Markets in the second quarter worth $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. Northwestern Mutual Wealth Management Co. lifted its position in shares of ProShares Ultra MSCI Emerging Markets by 54,900.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,100 shares of the exchange traded fund’s stock worth $89,000 after buying an additional 1,098 shares during the last quarter. PMV Capital Advisers LLC lifted its position in shares of ProShares Ultra MSCI Emerging Markets by 556.2% in the 1st quarter. PMV Capital Advisers LLC now owns 13,781 shares of the exchange traded fund’s stock worth $1,154,000 after buying an additional 11,681 shares during the last quarter. Finally, Legacy Wealth Partners LLC boosted its holdings in shares of ProShares Ultra MSCI Emerging Markets by 91.3% in the 1st 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 period.

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.