ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Stock Cross Below Two Hundred Day Moving Average – Should You Sell?

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $55.74 and traded as low as $52.42. ProShares Ultra MSCI Emerging Markets shares last traded at $52.67, with a volume of 2,076 shares traded.

ProShares Ultra MSCI Emerging Markets Price Performance

The company has a 50-day simple moving average of $58.09 and a 200 day simple moving average of $55.78.

Institutional Investors Weigh In On ProShares Ultra MSCI Emerging Markets

An institutional investor recently raised its position in ProShares Ultra MSCI Emerging Markets stock. Flow Traders U.S. LLC lifted its holdings in shares of ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) by 23.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,208 shares of the exchange traded fund’s stock after buying 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 SEC filing.

ProShares Ultra MSCI Emerging Markets Company Profile

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.