ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Shares Pass Below Two Hundred Day Moving Average of $70.14

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ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $70.14 and traded as low as $68.42. ProShares Ultra MSCI Emerging Markets shares last traded at $68.51, with a volume of 151 shares.

The stock’s fifty day moving average price is $64.12 and its 200-day moving average price is $70.14.

A hedge fund recently bought a new stake in ProShares Ultra MSCI Emerging Markets stock. Pension Partners LLC acquired a new position in shares of ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 22,443 shares of the exchange traded fund’s stock, valued at approximately $1,637,000. ProShares Ultra MSCI Emerging Markets accounts for approximately 2.0% of Pension Partners LLC’s investment portfolio, making the stock its 5th largest position. Pension Partners LLC owned approximately 4.99% of ProShares Ultra MSCI Emerging Markets at the end of the most recent reporting period.

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.

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