ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) gapped up before the market opened on Thursday . The stock had previously closed at $19.32, but opened at $19.83. ProShares Short MSCI Emerging Markets shares last traded at $20.02, with a volume of 4563089 shares changing hands.
Several large investors have recently made changes to their positions in the stock. Flow Traders U.S. LLC bought a new stake in shares of ProShares Short MSCI Emerging Markets during the 3rd quarter valued at $407,000. IFP Advisors Inc increased its holdings in ProShares Short MSCI Emerging Markets by 257.3% in the 3rd quarter. IFP Advisors Inc now owns 30,211 shares of the company’s stock valued at $578,000 after purchasing an additional 21,755 shares during the last quarter. HRT Financial LLC purchased a new stake in ProShares Short MSCI Emerging Markets during the second quarter worth about $417,000. Citadel Advisors LLC purchased a new stake in ProShares Short MSCI Emerging Markets during the second quarter worth about $735,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in ProShares Short MSCI Emerging Markets during the third quarter worth about $746,000.
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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.
See Also: Diversification
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