ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Short Interest Up 128.4% in July

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 12,418 shares, a growth of 128.4% from the June 30th total of 5,438 shares. Based on an average daily trading volume, of 23,910 shares, the short-interest ratio is presently 0.5 days. Approximately 3.5% of the company’s shares are short sold.

ProShares Ultra MSCI Emerging Markets Trading Down 3.9%

Shares of EET stock traded down $3.93 on Tuesday, reaching $96.33. 1,711 shares of the stock were exchanged, compared to its average volume of 14,602. The firm has a 50 day moving average of $112.46 and a two-hundred day moving average of $101.51. ProShares Ultra MSCI Emerging Markets has a 1-year low of $63.08 and a 1-year high of $129.02.

Hedge Funds Weigh In On ProShares Ultra MSCI Emerging Markets

Several hedge funds and other institutional investors have recently modified their holdings of the company. 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. Northwestern Mutual Wealth Management Co. raised its holdings in shares of ProShares Ultra MSCI Emerging Markets by 54,900.0% during 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 period. Jane Street Group LLC lifted its holdings in ProShares Ultra MSCI Emerging Markets by 94.1% in the fourth quarter. Jane Street Group LLC now owns 5,975 shares of the exchange traded fund’s stock worth $482,000 after acquiring an additional 2,896 shares during the last quarter. IMC Chicago LLC lifted its holdings in shares of ProShares Ultra MSCI Emerging Markets by 24.0% in the 4th quarter. IMC Chicago LLC now owns 13,271 shares of the exchange traded fund’s stock worth $1,070,000 after purchasing an additional 2,565 shares during the last quarter. Finally, PMV Capital Advisers LLC boosted its holdings in shares of ProShares Ultra MSCI Emerging Markets by 556.2% during 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 acquiring an additional 11,681 shares during the period.

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.