ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Stock Pass Below 200-Day Moving Average – What’s Next?

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $54.68 and traded as low as $54.47. ProShares Ultra MSCI Emerging Markets shares last traded at $54.62, with a volume of 2,097 shares trading hands.

ProShares Ultra MSCI Emerging Markets Trading Up 2.4 %

The stock has a fifty day simple moving average of $52.26 and a 200-day simple moving average of $54.68.

Institutional Investors Weigh In On ProShares Ultra MSCI Emerging Markets

A hedge fund recently raised its stake in ProShares Ultra MSCI Emerging Markets stock. Flow Traders U.S. LLC grew its position in shares of ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) by 23.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,208 shares of the exchange traded fund’s stock after purchasing an additional 5,693 shares during the quarter. Flow Traders U.S. LLC owned approximately 10.07% of ProShares Ultra MSCI Emerging Markets worth $1,835,000 as of its most recent filing with the SEC.

About ProShares Ultra MSCI Emerging Markets

ProShares Ultra MSCI Emerging Markets (the Fund) seeks daily investment results that correspond to twice (200%) 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.