ETF Professors Looks To Double Up On Emerging Markets (EET)
Emerging markets ETFs are moving higher today and the ETF Professor has noted one leveraged play that is solidly bullish on robust volume. The Ultra MSCI Emerging Mkts ProShares (NYSE: EET) is up nearly 5% and made a new 52-week of $89.72 earlier.
EET seeks to replicate twice the daily performance of the iShares MSCI Emerging Markets ETF (NYSE: EEM). EET normally trades about 46,300 shares per day, but is already close to 57,000 shares with more than 2.5 hours left in the trading day.
If you're looking to double up on emerging markets, EET may be the way to go.
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