ETF On Watch: ProShares UltraShort MSCI Emerging Mkts (EEV) Declines 4.02% for Nov 15

November 15, 2016 - By Winifred Garcia   ·   0 Comments

Nov 15 is a negative day so far for ProShares UltraShort MSCI Emerging Mkts (NYSEARCA:EEV) as the ETF is active during the day after losing 4.02% to hit $16.95 per share. The exchange traded fund has 57.41 million net assets and 2.20% volatility this month.

Over the course of the day 53,307 shares traded hands, as compared to an average volume of 171,320 over the last 30 days for ProShares UltraShort MSCI Emerging Mkts (NYSEARCA:EEV).

The ETF is -45.16% of its 52-Week High and 20.08% of its low, and is currently having ATR of 0.55. This year’s performance is -27.04% while this quarter’s performance is 15.46%.

The ETF’s YTD performance is -36.06%, the 1 year is -29.17% and the 3 year is -9%.

The fund’s top holdings are: Ishares Msci Emerging Markets (Eem) Swap Ubs Ag for 158.48% of assets, Ishares Msci Emerging Markets (Eem) Swap Credit Suisse International for 34.96%, Ishares Msci Emerging Markets (Eem) Swap Goldman Sachs International for 4.44%, Ishares Msci Emerging Markets (Eem) Swap Societe Generale for 1.65%.

More recent ProShares UltraShrt Mrkt (ETF) (NYSEARCA:EEV) news were published by: Seekingalpha.com which released: “Treasury Market Update” on November 14, 2016. Also Etfdailynews.com published the news titled: “Investors Should Be Very Careful With Inverse ETFs” on September 08, 2016. Etfdailynews.com‘s news article titled: “Bond Markets In Shambles As Post-Trump Yields Surge” with publication date: November 09, 2016 was also an interesting one.

ProShares UltraShort MSCI Emerging Markets 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 ETF has a market cap of $57.41 million. 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. It currently has negative earnings. 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.

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By Winifred Garcia


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