ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Sees Large Decline in Short Interest

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 2,056 shares, a decline of 85.3% from the May 14th total of 13,972 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 17,329 shares, the days-to-cover ratio is presently 0.1 days.

ProShares Ultra MSCI Emerging Markets Price Performance

Shares of NYSEARCA EET opened at $114.16 on Friday. The firm has a fifty day moving average of $106.36 and a 200 day moving average of $94.30. ProShares Ultra MSCI Emerging Markets has a one year low of $59.56 and a one year high of $126.97.

Institutional Investors Weigh In On ProShares Ultra MSCI Emerging Markets

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Global Assets Advisory LLC purchased a new stake in ProShares Ultra MSCI Emerging Markets in the 1st quarter worth $89,000. Northwestern Mutual Wealth Management Co. increased its stake in ProShares Ultra MSCI Emerging Markets by 54,900.0% during 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 in the last quarter. IMC Chicago LLC increased its stake in ProShares Ultra MSCI Emerging Markets by 24.0% during the 4th quarter. IMC Chicago LLC now owns 13,271 shares of the exchange traded fund’s stock worth $1,070,000 after buying an additional 2,565 shares in the last quarter. Jane Street Group LLC increased its stake in ProShares Ultra MSCI Emerging Markets by 94.1% during the 4th quarter. Jane Street Group LLC now owns 5,975 shares of the exchange traded fund’s stock worth $482,000 after buying an additional 2,896 shares in the last quarter. Finally, Legacy Wealth Partners LLC increased its stake in ProShares Ultra MSCI Emerging Markets by 91.3% during the 1st quarter. Legacy Wealth Partners LLC now owns 14,842 shares of the exchange traded fund’s stock worth $1,243,000 after buying an additional 7,084 shares in 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.