ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Share Price Pass Above Two Hundred Day Moving Average – Should You 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 $53.32 and traded as high as $58.72. ProShares Ultra MSCI Emerging Markets shares last traded at $58.72, with a volume of 6,296 shares trading hands.

ProShares Ultra MSCI Emerging Markets Stock Down 0.2%

The stock’s fifty day simple moving average is $52.62 and its 200-day simple moving average is $53.31.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ProShares Ultra MSCI Emerging Markets stock. Cassaday & Co Wealth Management LLC raised its position in ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,520 shares of the exchange traded fund’s stock after acquiring an additional 1,000 shares during the quarter. Cassaday & Co Wealth Management LLC owned 11.17% of ProShares Ultra MSCI Emerging Markets worth $1,692,000 at the end of the most recent quarter.

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.