ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Stock Price Cross Above 200-Day Moving Average – What’s Next?

Shares of ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $77.65 and traded as high as $95.91. ProShares Ultra MSCI Emerging Markets shares last traded at $92.25, with a volume of 6,283 shares trading hands.

ProShares Ultra MSCI Emerging Markets Trading Down 2.7%

The business’s 50-day moving average is $84.65 and its two-hundred day moving average is $77.65.

Institutional Investors Weigh In On ProShares Ultra MSCI Emerging Markets

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

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. The Index consists of 25 emerging market country indexes, including Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Jordan, Korea, Malaysia, Mexico, Morocco, Pakistan, Peru, the Philippines, Poland, Russia, South Africa, Taiwan, Thailand and Turkey.