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

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 17,584 shares, an increase of 134.4% from the August 15th total of 7,503 shares. Based on an average trading volume of 4,397 shares, the short-interest ratio is presently 4.0 days. Currently, 5.2% of the company’s shares are short sold.

Institutional Trading of ProShares Ultra MSCI Emerging Markets

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Global Assets Advisory LLC purchased a new stake in shares of ProShares Ultra MSCI Emerging Markets during the 1st quarter valued at approximately $89,000. Legacy Wealth Partners LLC lifted its holdings 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 valued at $1,243,000 after acquiring an additional 7,084 shares during the last quarter. Finally, PMV Capital Advisers LLC grew 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 worth $1,154,000 after acquiring an additional 11,681 shares during the period.

ProShares Ultra MSCI Emerging Markets Trading Down 0.7%

Shares of EET traded down $0.77 during mid-day trading on Tuesday, reaching $105.34. The stock had a trading volume of 1,430 shares, compared to its average volume of 13,167. ProShares Ultra MSCI Emerging Markets has a 52-week low of $72.11 and a 52-week high of $129.02. The business’s fifty day moving average is $107.24 and its 200 day moving average is $104.87.

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.