ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Share Price Cross Below Two Hundred Day Moving Average – What’s Next?

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $55.79 and traded as low as $53.10. ProShares Ultra MSCI Emerging Markets shares last traded at $53.10, with a volume of 580 shares.

ProShares Ultra MSCI Emerging Markets Price Performance

The company’s 50-day moving average price is $58.14 and its 200-day moving average price is $55.77.

Hedge Funds 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 grew its holdings in ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) by 23.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 about 10.07% of ProShares Ultra MSCI Emerging Markets worth $1,835,000 as of its most recent SEC filing.

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.