ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Sees Significant Drop in Short Interest

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 2,056 shares, a decrease of 85.3% from the May 14th total of 13,972 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 17,329 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Global Assets Advisory LLC bought a new stake in ProShares Ultra MSCI Emerging Markets during the 1st quarter valued at approximately $89,000. Northwestern Mutual Wealth Management Co. boosted its stake in ProShares Ultra MSCI Emerging Markets by 54,900.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,100 shares of the exchange traded fund’s stock valued at $89,000 after purchasing an additional 1,098 shares during the period. IMC Chicago LLC boosted its stake in ProShares Ultra MSCI Emerging Markets by 24.0% during the 4th quarter. IMC Chicago LLC now owns 13,271 shares of the exchange traded fund’s stock valued at $1,070,000 after purchasing an additional 2,565 shares during the period. Jane Street Group LLC boosted its stake in ProShares Ultra MSCI Emerging Markets by 94.1% during the 4th quarter. Jane Street Group LLC now owns 5,975 shares of the exchange traded fund’s stock valued at $482,000 after purchasing an additional 2,896 shares during the period. Finally, Legacy Wealth Partners LLC boosted its stake in ProShares Ultra MSCI Emerging Markets by 91.3% during the 1st quarter. Legacy Wealth Partners LLC now owns 14,842 shares of the exchange traded fund’s stock valued at $1,243,000 after purchasing an additional 7,084 shares during the period.

ProShares Ultra MSCI Emerging Markets Stock Performance

NYSEARCA EET traded up $8.91 on Thursday, reaching $114.16. The stock had a trading volume of 7,260 shares, compared to its average volume of 14,913. The business has a 50 day moving average price of $106.36 and a 200 day moving average price of $94.30. ProShares Ultra MSCI Emerging Markets has a 1 year low of $59.56 and a 1 year high of $126.97.

About ProShares Ultra MSCI Emerging Markets

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.