(EET) ProShares Ultra MSCI - Ratings and Ratios

ProShares Ultra MSCI Emerging Markets (EET) is designed to provide daily returns that correspond to twice (2x) the daily performance of the MSCI Emerging Markets Index. The fund achieves this by investing in a combination of financial instruments, such as swaps and futures contracts, selected by ProShare Advisors. The MSCI Emerging Markets Index tracks the performance of equities across 24 emerging market countries, covering approximately 85% of the free float-adjusted market capitalization in these regions. The fund is classified as non-diversified, meaning it can concentrate its holdings in a smaller number of securities, which may increase volatility.

From a technical perspective, EET is currently trading above its 20-day and 50-day moving averages, with a last price of 56.06. The 20-day moving average is at 55.35, while the 50-day average is at 52.98. The 200-day moving average stands at 54.12, indicating a recent upward trend. The Average True Range (ATR) of 1.17 suggests moderate volatility. The funds average trading volume over the past 20 days is 3,348 shares, indicating limited liquidity. With an AUM of $19.68 million, EET is a smaller ETF, which may result in higher risk due to its concentrated exposure and lower diversification.

3-Month Forecast: Based on the convergence of the 20-day and 50-day moving averages, EET is likely to experience a period of consolidation or moderate decline over the next three months. The ATR of 1.17 suggests that price fluctuations will remain contained, with potential resistance near the 200-day moving average of 54.12. If the funds price breaks below the 20-day moving average of 55.35, it may signal a downtrend. Conversely, if it maintains its current trajectory, EET could trade within a narrow range, with limited upside potential due to its leveraged structure and the current market conditions.