ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) Short Interest Up 180.3% in May

ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 29,949 shares, an increase of 180.3% from the May 14th total of 10,685 shares. Based on an average daily trading volume, of 79,161 shares, the short-interest ratio is currently 0.4 days. Approximately 5.9% of the company’s stock are sold short.

ProShares Short MSCI Emerging Markets Stock Down 0.3%

ProShares Short MSCI Emerging Markets stock traded down $0.05 during midday trading on Friday, reaching $15.93. The company’s stock had a trading volume of 355,679 shares, compared to its average volume of 121,733. ProShares Short MSCI Emerging Markets has a fifty-two week low of $15.33 and a fifty-two week high of $24.22. The business has a 50-day simple moving average of $16.87 and a 200-day simple moving average of $18.43.

Institutional Trading of ProShares Short MSCI Emerging Markets

A hedge fund recently raised its stake in ProShares Short MSCI Emerging Markets stock. Jane Street Group LLC lifted its position in shares of ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) by 12.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,153 shares of the company’s stock after purchasing an additional 1,089 shares during the period. Jane Street Group LLC owned about 2.31% of ProShares Short MSCI Emerging Markets worth $234,000 at the end of the most recent reporting period.

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.