ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Stock Price Pass Above 200-Day Moving Average of $30.54

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $30.54 and traded as high as $34.90. ProShares Ultra Bloomberg Crude Oil shares last traded at $34.77, with a volume of 1,133,190 shares trading hands.

ProShares Ultra Bloomberg Crude Oil Trading Up 3.8 %

The firm has a fifty day simple moving average of $31.83 and a 200-day simple moving average of $30.54.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Crude Oil

Several hedge funds have recently made changes to their positions in UCO. Citigroup Inc. purchased a new position in ProShares Ultra Bloomberg Crude Oil in the 3rd quarter valued at $76,000. WT Wealth Management acquired a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the 3rd quarter worth $212,000. Brookstone Capital Management purchased a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the first quarter valued at about $218,000. Simplex Trading LLC purchased a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the fourth quarter valued at about $248,000. Finally, Headlands Technologies LLC acquired a new position in shares of ProShares Ultra Bloomberg Crude Oil during the first quarter worth about $317,000.

ProShares Ultra Bloomberg Crude Oil Company Profile

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.