ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Short Interest Update

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 2,445 shares, a decline of 90.3% from the April 15th total of 25,201 shares. Based on an average daily trading volume, of 6,680 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.5% of the shares of the stock are sold short.

ProShares Ultra MSCI Emerging Markets Price Performance

Shares of EET stock traded up $4.87 during mid-day trading on Wednesday, hitting $115.28. The company had a trading volume of 3,202 shares, compared to its average volume of 14,452. ProShares Ultra MSCI Emerging Markets has a 52-week low of $56.00 and a 52-week high of $120.31. The stock’s 50 day moving average price is $94.72 and its 200-day moving average price is $89.32.

Hedge Funds Weigh In On ProShares Ultra MSCI Emerging Markets

Several hedge funds have recently modified their holdings of EET. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of ProShares Ultra MSCI Emerging Markets by 54,900.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,100 shares of the exchange traded fund’s stock worth $89,000 after buying an additional 1,098 shares in the last quarter. Global Assets Advisory LLC purchased a new position in shares of ProShares Ultra MSCI Emerging Markets in the first quarter worth $89,000. Jane Street Group LLC purchased a new position in shares of ProShares Ultra MSCI Emerging Markets in the second quarter worth $428,000. Tempus Wealth Planning LLC purchased a new position in shares of ProShares Ultra MSCI Emerging Markets in the third quarter worth $709,000. Finally, IMC Chicago LLC lifted its holdings in shares of ProShares Ultra MSCI Emerging Markets by 24.0% in the fourth quarter. IMC Chicago LLC now owns 13,271 shares of the exchange traded fund’s stock worth $1,070,000 after buying an additional 2,565 shares in the last quarter.

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.