ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Stock Price Pass Above Two Hundred Day Moving Average – What’s Next?

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.89 and traded as high as $30.28. ProShares Ultra Bloomberg Crude Oil shares last traded at $29.25, with a volume of 1,471,166 shares trading hands.

ProShares Ultra Bloomberg Crude Oil Stock Performance

The business has a 50-day moving average price of $27.30 and a two-hundred day moving average price of $27.86.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Crude Oil

A number of institutional investors and hedge funds have recently modified their holdings of the business. Spire Wealth Management bought a new position in ProShares Ultra Bloomberg Crude Oil in the fourth quarter valued at approximately $192,000. SG Americas Securities LLC boosted its stake in ProShares Ultra Bloomberg Crude Oil by 27.0% in the fourth quarter. SG Americas Securities LLC now owns 5,240 shares of the exchange traded fund’s stock valued at $144,000 after acquiring an additional 1,114 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in ProShares Ultra Bloomberg Crude Oil by 50.5% in the third quarter. JPMorgan Chase & Co. now owns 12,890 shares of the exchange traded fund’s stock valued at $328,000 after acquiring an additional 4,323 shares during the last quarter. IHT Wealth Management LLC acquired a new stake in ProShares Ultra Bloomberg Crude Oil in the third quarter worth $376,000. Finally, Baker Avenue Asset Management LP acquired a new stake in ProShares Ultra Bloomberg Crude Oil in the third quarter worth $636,000.

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.