ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Stock Price Pass Below 200-Day Moving Average – Time to Sell?

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $55.61 and traded as low as $52.02. ProShares Ultra MSCI Emerging Markets shares last traded at $52.36, with a volume of 1,678 shares traded.

ProShares Ultra MSCI Emerging Markets Stock Performance

The firm’s 50 day moving average price is $55.80 and its 200-day moving average price is $55.61.

Institutional Inflows and Outflows

A hedge fund recently raised its stake 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% during the third quarter, according to its most recent filing with the SEC. 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 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.