ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Stock Cross Above Two Hundred Day Moving Average – Time to Sell?

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $70.23 and traded as high as $78.17. ProShares Ultra MSCI Emerging Markets shares last traded at $78.17, with a volume of 10,233 shares changing hands.

ProShares Ultra MSCI Emerging Markets Stock Up 0.1%

The stock has a 50 day moving average price of $78.79 and a two-hundred day moving average price of $70.23.

Institutional Trading of ProShares Ultra MSCI Emerging Markets

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Elevatus Welath Management acquired a new stake in shares of ProShares Ultra MSCI Emerging Markets during the 2nd quarter worth approximately $324,000. Jane Street Group LLC acquired a new position in shares of ProShares Ultra MSCI Emerging Markets in the 2nd quarter valued at $428,000. PMV Capital Advisers LLC boosted its position in shares of ProShares Ultra MSCI Emerging Markets by 13,957.4% in the 3rd quarter. PMV Capital Advisers LLC now owns 6,607 shares of the exchange traded fund’s stock worth $507,000 after purchasing an additional 6,560 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of ProShares Ultra MSCI Emerging Markets during the second quarter worth $703,000. Finally, Tempus Wealth Planning LLC bought a new stake in ProShares Ultra MSCI Emerging Markets in the third quarter valued at about $709,000.

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.