ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Stock Pass Below 200-Day Moving Average – Should You Sell?

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $55.64 and traded as low as $54.94. ProShares Ultra MSCI Emerging Markets shares last traded at $54.94, with a volume of 396 shares trading hands.

ProShares Ultra MSCI Emerging Markets Stock Performance

The company’s 50-day simple moving average is $56.71 and its 200 day simple moving average is $55.64.

Hedge Funds 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 increased its position in shares of ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) by 23.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,208 shares of the exchange traded fund’s stock after purchasing an additional 5,693 shares during the period. Flow Traders U.S. LLC owned approximately 10.07% of ProShares Ultra MSCI Emerging Markets worth $1,835,000 at the end of the most recent quarter.

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.