ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) were down 0.3% during trading on Tuesday . The company traded as low as $18.10 and last traded at $18.13, approximately 17,524 shares were traded during mid-day trading. A decline of 97% from the average daily volume of 538,961 shares. The stock had previously closed at $18.18.
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The business has a fifty day simple moving average of $18.53 and a 200 day simple moving average of $18.91.
A number of hedge funds and other institutional investors have recently modified their holdings of EUM. Gradient Investments LLC acquired a new position in ProShares Short MSCI Emerging Markets in the 2nd quarter valued at $25,000. Tower Research Capital LLC TRC grew its holdings in ProShares Short MSCI Emerging Markets by 765.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,463 shares of the company’s stock valued at $66,000 after buying an additional 3,063 shares in the last quarter. Citadel Advisors LLC acquired a new position in ProShares Short MSCI Emerging Markets in the 2nd quarter valued at $324,000. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in ProShares Short MSCI Emerging Markets in the 3rd quarter valued at $383,000. Finally, Capital Investment Advisory Services LLC grew its holdings in ProShares Short MSCI Emerging Markets by 61.5% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 21,150 shares of the company’s stock valued at $387,000 after buying an additional 8,050 shares in the last quarter.
About ProShares Short MSCI Emerging Markets (NYSEARCA:EUM)
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.
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