ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Shares Pass Above 200 Day Moving Average – Should You Sell?

Shares of ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $55.04 and traded as high as $57.69. ProShares Ultra MSCI Emerging Markets shares last traded at $57.57, with a volume of 3,244 shares traded.

ProShares Ultra MSCI Emerging Markets Price Performance

The firm has a 50-day simple moving average of $53.78 and a 200 day simple moving average of $55.06.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ProShares Ultra MSCI Emerging Markets stock. Flow Traders U.S. LLC boosted its stake in ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) by 23.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,208 shares of the exchange traded fund’s stock after acquiring an additional 5,693 shares during the period. Flow Traders U.S. LLC owned 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.