ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Shares Pass Above 200 Day Moving Average of $50.84

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $50.84 and traded as high as $54.05. ProShares Ultra MSCI Emerging Markets shares last traded at $54.05, with a volume of 1,021 shares traded.

ProShares Ultra MSCI Emerging Markets Price Performance

The stock’s 50-day moving average is $53.95 and its two-hundred day moving average is $50.94.

Hedge Funds Weigh In On ProShares Ultra MSCI Emerging Markets

A hedge fund recently bought a new stake in ProShares Ultra MSCI Emerging Markets stock. IMC Chicago LLC acquired a new stake in shares of ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 11,942 shares of the exchange traded fund’s stock, valued at approximately $607,000. IMC Chicago LLC owned approximately 3.41% of ProShares Ultra MSCI Emerging Markets as of its most recent filing with the Securities & Exchange Commission.

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.