ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Stock Price Pass Below Two Hundred Day Moving Average – Should You Sell?

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) shares 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 traded.

ProShares Ultra MSCI Emerging Markets Trading Down 1.3 %

The business’s 50-day moving average is $54.05 and its 200-day moving average is $55.44.

Institutional Investors Weigh In On ProShares Ultra MSCI Emerging Markets

An institutional investor recently raised its position in ProShares Ultra MSCI Emerging Markets stock. Flow Traders U.S. LLC lifted its stake in shares of ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) by 23.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,208 shares of the exchange traded fund’s stock after purchasing an additional 5,693 shares during the period. Flow Traders U.S. LLC owned approximately 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

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.