ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV) Sees Large Decrease in Short Interest
by Doug Wharley · The Cerbat GemProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV – Get Free Report) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totaling 7,406 shares, a decrease of 36.2% from the March 15th total of 11,611 shares. Based on an average daily volume of 100,853 shares, the short-interest ratio is currently 0.1 days. Currently, 0.7% of the company’s stock are short sold.
ProShares UltraShort MSCI Emerging Markets Stock Down 3.7%
NYSEARCA EEV traded down $0.54 during trading hours on Tuesday, hitting $13.96. The company had a trading volume of 46,827 shares, compared to its average volume of 36,730. The firm’s 50 day moving average is $15.97 and its 200 day moving average is $17.89. ProShares UltraShort MSCI Emerging Markets has a fifty-two week low of $13.96 and a fifty-two week high of $34.34.
ProShares UltraShort MSCI Emerging Markets Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were paid a $0.0218 dividend. The ex-dividend date was Wednesday, March 25th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.6%.
Institutional Investors Weigh In On ProShares UltraShort MSCI Emerging Markets
An institutional investor recently raised its position in ProShares UltraShort MSCI Emerging Markets stock. Verity Asset Management Inc. grew its stake in ProShares UltraShort MSCI Emerging Markets (NYSEARCA:EEV – Free Report) by 80.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,640 shares of the company’s stock after purchasing an additional 10,114 shares during the quarter. Verity Asset Management Inc. owned approximately 6.86% of ProShares UltraShort MSCI Emerging Markets worth $231,000 as of its most recent filing with the SEC.
ProShares UltraShort MSCI Emerging Markets Company Profile
ProShares UltraShort MSCI Emerging Markets (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of 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 Fund takes positions in securities and/or financial instruments that, in combination, should have similar daily return characteristics as -200% of the daily return of the Index.