ProShares Ultra MSCI Japan (NYSEARCA:EZJ) Stock Price Pass Above Fifty Day Moving Average – Time to Sell?

ProShares Ultra MSCI Japan (NYSEARCA:EZJ) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $63.44 and traded as high as $66.10. ProShares Ultra MSCI Japan shares last traded at $64.50, with a volume of 4,522 shares trading hands.

ProShares Ultra MSCI Japan Price Performance

The stock has a market capitalization of $13.54 million, a P/E ratio of 14.73 and a beta of 1.36. The stock has a 50 day simple moving average of $63.56 and a two-hundred day simple moving average of $59.84.

Hedge Funds Weigh In On ProShares Ultra MSCI Japan

A hedge fund recently bought a new position in ProShares Ultra MSCI Japan stock. Moneta Group Investment Advisors LLC purchased a new stake in ProShares Ultra MSCI Japan (NYSEARCA:EZJ) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 4,200 shares of the exchange traded fund’s stock, valued at approximately $205,000. Moneta Group Investment Advisors LLC owned about 2.80% of ProShares Ultra MSCI Japan at the end of the most recent reporting period.

About ProShares Ultra MSCI Japan

ProShares Ultra MSCI Japan (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the MSCI Japan Index. The MSCI Japan 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 Japan. The Fund invests in equity securities and derivatives. Its investment advisor is ProShare Advisors LLC.