ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) Sees Large Decline in Short Interest

ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 10,685 shares, a decline of 80.9% from the April 30th total of 55,890 shares. Currently, 2.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 80,432 shares, the days-to-cover ratio is currently 0.1 days.

ProShares Short MSCI Emerging Markets Trading Up 0.3%

ProShares Short MSCI Emerging Markets stock opened at $15.89 on Thursday. ProShares Short MSCI Emerging Markets has a 52 week low of $15.72 and a 52 week high of $24.78. The firm’s 50-day simple moving average is $17.66 and its 200 day simple moving average is $18.80.

Institutional Trading of ProShares Short MSCI Emerging Markets

A hedge fund recently raised its stake in ProShares Short MSCI Emerging Markets stock. Jane Street Group LLC grew its holdings in ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) by 12.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,153 shares of the company’s stock after purchasing an additional 1,089 shares during the quarter. Jane Street Group LLC owned approximately 2.31% of ProShares Short MSCI Emerging Markets worth $234,000 at the end of the most recent quarter.

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.