ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Share Price Pass Below 50 Day Moving Average of $69.28

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $69.28 and traded as low as $72.53. ProShares Ultra MSCI Emerging Markets shares last traded at $72.81, with a volume of 200 shares traded.

The firm’s 50-day moving average price is $69.47.

A hedge fund recently raised its stake in ProShares Ultra MSCI Emerging Markets stock. Jane Street Group LLC raised its position in ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) by 86.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,495 shares of the exchange traded fund’s stock after acquiring an additional 5,798 shares during the quarter. Jane Street Group LLC owned approximately 1.67% of ProShares Ultra MSCI Emerging Markets worth $775,000 at the end of the most recent quarter.

About ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET)

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.

Further Reading: QQQ ETF

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