Shares of ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO – Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $28.31 and traded as high as $28.74. ProShares Ultra Bloomberg Crude Oil shares last traded at $28.22, with a volume of 1,680,100 shares traded.
ProShares Ultra Bloomberg Crude Oil Stock Performance
The company’s 50 day simple moving average is $26.15 and its two-hundred day simple moving average is $28.31.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in ProShares Ultra Bloomberg Crude Oil by 50.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 12,890 shares of the exchange traded fund’s stock worth $328,000 after acquiring an additional 4,323 shares during the period. IHT Wealth Management LLC purchased a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the third quarter valued at about $376,000. Baker Avenue Asset Management LP purchased a new position in ProShares Ultra Bloomberg Crude Oil during the third quarter worth about $636,000. Farther Finance Advisors LLC acquired a new stake in ProShares Ultra Bloomberg Crude Oil in the third quarter valued at about $25,000. Finally, X Square Capital LLC purchased a new stake in ProShares Ultra Bloomberg Crude Oil in the 3rd quarter valued at approximately $902,000.
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.
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