ProShares Short MSCI Emerging Markets (NYSEARCA:EUM – Get Free Report) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 27,061 shares, a drop of 89.4% from the July 30th total of 256,378 shares. Approximately 4.0% of the company’s shares are sold short. Based on an average daily trading volume, of 100,991 shares, the days-to-cover ratio is currently 0.3 days.
ProShares Short MSCI Emerging Markets Price Performance
Shares of ProShares Short MSCI Emerging Markets stock traded down $0.32 during midday trading on Tuesday, reaching $15.67. The company had a trading volume of 394,207 shares, compared to its average volume of 126,085. The stock has a fifty day moving average price of $16.06 and a 200 day moving average price of $17.08. ProShares Short MSCI Emerging Markets has a fifty-two week low of $15.01 and a fifty-two week high of $22.63.
Institutional Investors Weigh In On ProShares Short MSCI Emerging Markets
An institutional investor recently raised its stake in ProShares Short MSCI Emerging Markets stock. Jane Street Group LLC raised its holdings in shares of ProShares Short MSCI Emerging Markets (NYSEARCA:EUM – Free Report) by 12.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,153 shares of the company’s stock after buying 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.
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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