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) shares crossed 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.

ProShares Ultra MSCI Emerging Markets Stock Down 0.1 %

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

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 lifted its holdings 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 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 filing with the Securities and Exchange Commission.

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.