ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Shares Cross Above 200-Day Moving Average – Here’s Why

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $102.02 and traded as high as $107.86. ProShares Ultra MSCI Emerging Markets shares last traded at $106.73, with a volume of 9,880 shares traded.

ProShares Ultra MSCI Emerging Markets Price Performance

The stock has a fifty day moving average price of $110.67 and a two-hundred day moving average price of $102.24.

Hedge Funds Weigh In On ProShares Ultra MSCI Emerging Markets

A number of hedge funds have recently made changes to their positions in EET. Global Assets Advisory LLC purchased a new stake in shares of ProShares Ultra MSCI Emerging Markets during the 1st quarter valued at $89,000. Legacy Wealth Partners LLC raised its holdings in shares of ProShares Ultra MSCI Emerging Markets by 91.3% in the 1st quarter. Legacy Wealth Partners LLC now owns 14,842 shares of the exchange traded fund’s stock worth $1,243,000 after purchasing an additional 7,084 shares during the period. PMV Capital Advisers LLC lifted its stake in shares of ProShares Ultra MSCI Emerging Markets by 556.2% in the 1st quarter. PMV Capital Advisers LLC now owns 13,781 shares of the exchange traded fund’s stock valued at $1,154,000 after purchasing an additional 11,681 shares in the last quarter. Jane Street Group LLC increased its position in ProShares Ultra MSCI Emerging Markets by 94.1% during the 4th quarter. Jane Street Group LLC now owns 5,975 shares of the exchange traded fund’s stock worth $482,000 after purchasing an additional 2,896 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in ProShares Ultra MSCI Emerging Markets by 54,900.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,100 shares of the exchange traded fund’s stock worth $89,000 after purchasing an additional 1,098 shares in the last 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. The Index consists of 25 emerging market country indexes, including Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Jordan, Korea, Malaysia, Mexico, Morocco, Pakistan, Peru, the Philippines, Poland, Russia, South Africa, Taiwan, Thailand and Turkey.