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

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) was the target of a large growth in short interest in 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 volume of 23,910 shares, the days-to-cover ratio is currently 0.5 days. Currently, 3.5% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Legacy Wealth Partners LLC lifted its position in shares of 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 acquiring an additional 7,084 shares during the last quarter. PMV Capital Advisers LLC grew its holdings in shares of ProShares Ultra MSCI Emerging Markets by 556.2% in the 1st quarter. PMV Capital Advisers LLC now owns 13,781 shares of the exchange traded fund’s stock worth $1,154,000 after acquiring an additional 11,681 shares during the last quarter. IMC Chicago LLC grew 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 acquiring an additional 2,565 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of ProShares Ultra MSCI Emerging Markets during the second quarter worth $428,000. Finally, Northwestern Mutual Wealth Management Co. raised its position 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.

ProShares Ultra MSCI Emerging Markets Stock Down 3.9%

EET stock traded down $3.93 on Tuesday, hitting $96.33. 1,711 shares of the company’s stock traded hands, compared to its average volume of 14,602. ProShares Ultra MSCI Emerging Markets has a 1-year low of $63.08 and a 1-year high of $129.02. The stock has a fifty day moving average of $112.46 and a 200-day moving average of $101.51.

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.