“On April 16, The ProShares UltraShort MSCI Emerging Markets ETF (NYSE:EEV) gave its first meaningful buy signal when it gapped on high volume from $47 and ran to over $50. A pullback to $46.70 set the next low of the bull channel. (EEV) could reverse swiftly back to the 20-day moving average, now at $47.70, and that would be our buy point for a quick trade to $53,” Sam Collins Reports From Options Zone.

Collins goes on to say, “Leveraged ETFs carry greater risk than ordinary ETFs, so investors should use stop-loss orders. And the SEC has determined that “ultra” funds are most appropriate for short-term trades and are not good long-term investments.”

 

 

UltraShort MSCI Emerging Mkts ProShares (EEV)

The investment seeks daily investment results, before fees and expenses, which correspond to twice the inverse of the daily performance of the MSCI Emerging Markets index. The fund normally invests at least 80% of assets in financial instruments with economic characteristics that should be inverse to those of the index. It may employ leveraged investment techniques in seeking its investment objective. The fund is nondiversified.

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NYSE:EEV