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

ProShares Ultra MSCI Japan (NYSEARCA:EZJ) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $58.90 and traded as high as $64.06. ProShares Ultra MSCI Japan shares last traded at $63.84, with a volume of 1,409 shares changing hands.

ProShares Ultra MSCI Japan Stock Down 1.4%

The company has a 50 day simple moving average of $58.90 and a 200-day simple moving average of $57.27. The stock has a market capitalization of $14.04 million, a price-to-earnings ratio of 14.73 and a beta of 1.35.

Hedge Funds Weigh In On ProShares Ultra MSCI Japan

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

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.