ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Share Price Cross Above 200 Day Moving Average – Here’s What Happened

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $67.57 and traded as high as $81.99. ProShares Ultra MSCI Emerging Markets shares last traded at $81.90, with a volume of 55,037 shares changing hands.

ProShares Ultra MSCI Emerging Markets Price Performance

The company has a 50 day simple moving average of $77.03 and a 200-day simple moving average of $67.57.

Hedge Funds Weigh In On ProShares Ultra MSCI Emerging Markets

Institutional investors and hedge funds have recently made changes to their positions in the business. Aveo Capital Partners LLC raised its position in ProShares Ultra MSCI Emerging Markets by 390.5% in the 1st quarter. Aveo Capital Partners LLC now owns 108,493 shares of the exchange traded fund’s stock worth $5,958,000 after purchasing an additional 86,376 shares during the period. Jane Street Group LLC purchased a new stake in ProShares Ultra MSCI Emerging Markets during the second quarter valued at about $428,000. Tempus Wealth Planning LLC bought a new position in shares of ProShares Ultra MSCI Emerging Markets during the third quarter valued at about $709,000. CWM LLC purchased a new position in shares of ProShares Ultra MSCI Emerging Markets in the third quarter worth about $2,993,000. Finally, PMV Capital Advisers LLC lifted its stake in shares of ProShares Ultra MSCI Emerging Markets by 13,957.4% in the 3rd quarter. PMV Capital Advisers LLC now owns 6,607 shares of the exchange traded fund’s stock valued at $507,000 after acquiring an additional 6,560 shares during 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.