ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Short Interest Down 54.5% in August

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 7,503 shares, a decrease of 54.5% from the July 30th total of 16,491 shares. Currently, 2.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,369 shares, the days-to-cover ratio is currently 1.4 days.

ProShares Ultra MSCI Emerging Markets Trading Down 0.9%

Shares of EET stock traded down $1.03 during trading hours on Monday, hitting $109.64. 23,590 shares of the company’s stock were exchanged, compared to its average volume of 13,198. ProShares Ultra MSCI Emerging Markets has a 12-month low of $66.41 and a 12-month high of $129.02. The business’s 50 day simple moving average is $107.70 and its 200-day simple moving average is $103.93.

Institutional Investors Weigh In On ProShares Ultra MSCI Emerging Markets

Institutional investors have recently bought and sold shares of the stock. Legacy Wealth Partners LLC increased its stake in 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 worth $1,243,000 after purchasing an additional 7,084 shares during the period. PMV Capital Advisers LLC lifted its position in 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 purchasing an additional 11,681 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of ProShares Ultra MSCI Emerging Markets by 94.1% during the fourth quarter. Jane Street Group LLC now owns 5,975 shares of the exchange traded fund’s stock valued at $482,000 after purchasing an additional 2,896 shares during the period. Global Assets Advisory LLC purchased a new stake in shares of ProShares Ultra MSCI Emerging Markets during the first quarter valued at approximately $89,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of ProShares Ultra MSCI Emerging Markets by 54,900.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,100 shares of the exchange traded fund’s stock worth $89,000 after purchasing an additional 1,098 shares during the last quarter.

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.