ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Share Price Cross Above 200 Day Moving Average of $30.13

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $30.13 and traded as high as $33.99. ProShares Ultra Bloomberg Crude Oil shares last traded at $33.73, with a volume of 1,481,336 shares changing hands.

ProShares Ultra Bloomberg Crude Oil Price Performance

The company’s fifty day moving average is $32.02 and its two-hundred day moving average is $30.13.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Crude Oil

Institutional investors have recently modified their holdings of the business. Citigroup Inc. acquired a new position in shares of ProShares Ultra Bloomberg Crude Oil in the third quarter worth $76,000. SG Americas Securities LLC acquired a new position in shares of ProShares Ultra Bloomberg Crude Oil in the third quarter worth $146,000. WT Wealth Management acquired a new position in shares of ProShares Ultra Bloomberg Crude Oil in the third quarter worth $212,000. Brookstone Capital Management acquired a new position in shares of ProShares Ultra Bloomberg Crude Oil in the first quarter worth $218,000. Finally, Simplex Trading LLC acquired a new position in shares of ProShares Ultra Bloomberg Crude Oil in the fourth quarter worth $248,000.

About ProShares Ultra Bloomberg Crude Oil

ProShares Ultra DJ-UBS Crude Oil seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones UBS Crude Oil Sub-Index. The Dow Jones-UBS Crude Oil Sub-Index is intended to reflect the performance of crude oil as measured by the price of futures contracts of sweet, light crude oil traded on the New York Mercantile Exchange (the NYMEX), including roll costs, without regard to income earned on cash positions.