ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Stock Pass Below 200 Day Moving Average – Here’s What Happened

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $55.79 and traded as low as $53.10. ProShares Ultra MSCI Emerging Markets shares last traded at $53.10, with a volume of 580 shares.

ProShares Ultra MSCI Emerging Markets Trading Up 0.1 %

The stock has a fifty day moving average of $58.14 and a 200 day moving average of $55.77.

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 raised its position in ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) by 23.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,208 shares of the exchange traded fund’s stock after buying an additional 5,693 shares during the period. Flow Traders U.S. LLC owned about 10.07% of ProShares Ultra MSCI Emerging Markets worth $1,835,000 at the end of the most recent quarter.

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.