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ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Stock Pass Below Two Hundred Day Moving Average of $49.85

Defense World ·  May 2, 2023 15:54

ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET – Get Rating)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $49.85 and traded as low as $49.40. ProShares Ultra MSCI Emerging Markets shares last traded at $49.47, with a volume of 41,001 shares changing hands.

ProShares Ultra MSCI Emerging Markets Trading Down 0.6 %

The company's 50-day simple moving average is $49.68 and its 200-day simple moving average is $49.85.

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Institutional Investors Weigh In On ProShares Ultra MSCI Emerging Markets

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. IMC Chicago LLC raised its position in shares of ProShares Ultra MSCI Emerging Markets by 10.9% in the third quarter. IMC Chicago LLC now owns 24,247 shares of the exchange traded fund's stock valued at $1,004,000 after buying an additional 2,374 shares in the last quarter. Flow Traders U.S. LLC increased its stake in ProShares Ultra MSCI Emerging Markets by 57.0% in the fourth quarter. Flow Traders U.S. LLC now owns 23,729 shares of the exchange traded fund's stock valued at $1,152,000 after acquiring an additional 8,616 shares during the last quarter. Aveo Capital Partners LLC bought a new position in ProShares Ultra MSCI Emerging Markets in the fourth quarter valued at approximately $897,000. Cassaday & Co Wealth Management LLC bought a new position in ProShares Ultra MSCI Emerging Markets in the fourth quarter valued at approximately $849,000. Finally, Jane Street Group LLC increased its stake in ProShares Ultra MSCI Emerging Markets by 53.7% in the third quarter. Jane Street Group LLC now owns 9,676 shares of the exchange traded fund's stock valued at $400,000 after acquiring an additional 3,382 shares during the last quarter.

About ProShares Ultra MSCI Emerging Markets

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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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