ProShares Short MSCI Emerging Markets (NYSEARCA:EUM – Get Free Report) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 256,378 shares, a growth of 2,522.0% from the July 15th total of 9,778 shares. Currently, 38.3% of the shares of the stock are short sold. Based on an average trading volume of 90,290 shares, the days-to-cover ratio is presently 2.8 days.
ProShares Short MSCI Emerging Markets Price Performance
Shares of ProShares Short MSCI Emerging Markets stock traded down $0.05 during trading on Tuesday, reaching $16.14. The company’s stock had a trading volume of 46,573 shares, compared to its average volume of 120,651. ProShares Short MSCI Emerging Markets has a 52-week low of $15.01 and a 52-week high of $22.98. The firm’s 50-day moving average is $16.09 and its two-hundred day moving average is $17.24.
Institutional Trading of ProShares Short MSCI Emerging Markets
A hedge fund recently raised its position in ProShares Short MSCI Emerging Markets stock. Jane Street Group LLC increased its stake in ProShares Short MSCI Emerging Markets (NYSEARCA:EUM – Free Report) by 12.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,153 shares of the company’s stock after acquiring 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 as of its most recent SEC filing.
ProShares Short MSCI Emerging Markets Company Profile
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.
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