ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Stock Pass Above Two Hundred Day Moving Average – Time to Sell?

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCOGet Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.55 and traded as high as $25.51. ProShares Ultra Bloomberg Crude Oil shares last traded at $25.02, with a volume of 2,032,909 shares trading hands.

Key Headlines Impacting ProShares Ultra Bloomberg Crude Oil

Here are the key news stories impacting ProShares Ultra Bloomberg Crude Oil this week:

ProShares Ultra Bloomberg Crude Oil Price Performance

The stock has a 50-day simple moving average of $21.29 and a 200-day simple moving average of $21.55.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Luminist Capital LLC acquired a new position in ProShares Ultra Bloomberg Crude Oil during the 2nd quarter worth $30,000. Corsicana & Co. bought a new position in shares of ProShares Ultra Bloomberg Crude Oil during the third quarter worth about $45,000. Spire Wealth Management grew its stake in ProShares Ultra Bloomberg Crude Oil by 15.5% in the third quarter. Spire Wealth Management now owns 6,702 shares of the exchange traded fund’s stock worth $151,000 after purchasing an additional 900 shares in the last quarter. Connective Capital Management LLC bought a new stake in ProShares Ultra Bloomberg Crude Oil in the third quarter valued at about $159,000. Finally, JPMorgan Chase & Co. acquired a new stake in ProShares Ultra Bloomberg Crude Oil during the third quarter valued at approximately $191,000.

ProShares Ultra Bloomberg Crude Oil Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for ProShares Ultra Bloomberg Crude Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Bloomberg Crude Oil and related companies with MarketBeat.com's FREE daily email newsletter.