ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Stock Cross Above 200-Day Moving Average of $51.14

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $51.14 and traded as high as $56.39. ProShares Ultra MSCI Emerging Markets shares last traded at $56.39, with a volume of 1,206 shares changing hands.

ProShares Ultra MSCI Emerging Markets Stock Performance

The company’s 50 day simple moving average is $54.43 and its 200 day simple moving average is $51.14.

Hedge Funds Weigh In On ProShares Ultra MSCI Emerging Markets

A hedge fund recently bought a new stake in ProShares Ultra MSCI Emerging Markets stock. IMC Chicago LLC bought a new position in ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,942 shares of the exchange traded fund’s stock, valued at approximately $607,000. IMC Chicago LLC owned 3.41% of ProShares Ultra MSCI Emerging Markets at the end of the most recent reporting period.

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.