ProShares Short MSCI Emerging Markets (NYSEARCA:EUM – Get Free Report) saw a significant decline in short interest in June. As of June 30th, there was short interest totaling 6,104 shares, a decline of 82.2% from the June 15th total of 34,263 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 71,623 shares, the short-interest ratio is currently 0.1 days.
ProShares Short MSCI Emerging Markets Stock Performance
ProShares Short MSCI Emerging Markets stock traded down $0.05 during midday trading on Friday, reaching $15.82. 143,458 shares of the stock were exchanged, compared to its average volume of 123,729. ProShares Short MSCI Emerging Markets has a 52 week low of $15.01 and a 52 week high of $23.27. The company’s fifty day moving average is $16.02 and its 200-day moving average is $17.74.
Institutional Inflows and Outflows
An institutional investor recently raised its position in ProShares Short MSCI Emerging Markets stock. Jane Street Group LLC grew its holdings in shares of ProShares Short MSCI Emerging Markets (NYSEARCA:EUM – Free Report) by 12.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,153 shares of the company’s stock after acquiring an additional 1,089 shares during the quarter. Jane Street Group LLC owned about 2.31% of ProShares Short MSCI Emerging Markets worth $234,000 at the end of the most recent quarter.
About ProShares Short MSCI Emerging Markets
ProShares Short MSCI Emerging Markets (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the MSCI Emerging Markets Index. The MSCI Emerging Markets 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 -100% of the daily return of the MSCI Emerging Markets Index.
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