ProShares UltraShort MSCI Japan (NYSEARCA:EWV) Sees Large Drop in Short Interest

ProShares UltraShort MSCI Japan (NYSEARCA:EWV) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 7,363 shares, a decline of 39.7% from the May 31st total of 12,206 shares. Approximately 2.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 21,436 shares, the days-to-cover ratio is presently 0.3 days.

ProShares UltraShort MSCI Japan Stock Performance

Shares of NYSEARCA EWV traded up $0.16 during trading hours on Wednesday, hitting $17.92. 6,375 shares of the stock were exchanged, compared to its average volume of 31,149. The company’s fifty day simple moving average is $18.84 and its two-hundred day simple moving average is $21.12. ProShares UltraShort MSCI Japan has a 1-year low of $16.53 and a 1-year high of $35.26.

About ProShares UltraShort MSCI Japan

ProShares UltraShort MSCI Japan (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the MSCI Japan 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 Japan. The Fund takes positions in securities and/or financial instruments that, in combination, should have similar daily return characteristics as -200% of the daily return of the Index.