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

Posted by Dante Gardener on Jan 9th, 2025

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $55.44 and traded as low as $50.83. ProShares Ultra MSCI Emerging Markets shares last traded at $50.88, with a volume of 5,371 shares.

ProShares Ultra MSCI Emerging Markets Trading Down 0.9 %

The business has a 50-day moving average price of $53.75 and a 200 day moving average price of $55.37.

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 lifted its stake in ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET – Free Report) by 23.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.

About ProShares Ultra MSCI Emerging Markets

(Get Free Report)

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.