ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) Stock Price Cross Below Two Hundred Day Moving Average – Here’s What Happened

Shares of ProShares Ultra MSCI Emerging Markets (NYSEARCA:EET) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $84.43 and traded as low as $77.17. ProShares Ultra MSCI Emerging Markets shares last traded at $77.92, with a volume of 13,299 shares changing hands.

ProShares Ultra MSCI Emerging Markets Price Performance

The business’s fifty day moving average price is $93.04 and its 200-day moving average price is $84.43.

ProShares Ultra MSCI Emerging Markets Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th will be issued a dividend of $0.3456 per share. This represents a $1.38 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, March 25th.

Institutional Trading of ProShares Ultra MSCI Emerging Markets

Several institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its stake in ProShares Ultra MSCI Emerging Markets by 54,900.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,100 shares of the exchange traded fund’s stock valued at $89,000 after purchasing an additional 1,098 shares in the last quarter. Elevatus Welath Management purchased a new position in ProShares Ultra MSCI Emerging Markets in the 2nd quarter worth approximately $324,000. Jane Street Group LLC purchased a new position in ProShares Ultra MSCI Emerging Markets in the 2nd quarter worth approximately $428,000. PMV Capital Advisers LLC increased its holdings 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 worth $507,000 after buying an additional 6,560 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new position in shares of ProShares Ultra MSCI Emerging Markets in the 2nd quarter worth $703,000.

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. The Index consists of 25 emerging market country indexes, including Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Jordan, Korea, Malaysia, Mexico, Morocco, Pakistan, Peru, the Philippines, Poland, Russia, South Africa, Taiwan, Thailand and Turkey.