ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Stock Price Cross Below 200-Day Moving Average – Here’s Why

Shares of ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) passed below its 200-day moving average during trading on Thursday . The stock has a 200-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.

ProShares Ultra MSCI Emerging Markets Price Performance

The company’s 50-day moving average is $56.89 and its 200-day moving average is $55.64.

Institutional Trading of ProShares Ultra MSCI Emerging Markets

A hedge fund recently raised its stake in ProShares Ultra MSCI Emerging Markets stock. Flow Traders U.S. LLC raised its stake in ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) by 23.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 10.07% of ProShares Ultra MSCI Emerging Markets worth $1,835,000 as of its most recent filing with the Securities and Exchange Commission.

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.