ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Stock Price Cross Above 200-Day Moving Average of $17.68

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $17.68 and traded as high as $19.09. ProShares Ultra Bloomberg Crude Oil shares last traded at $18.92, with a volume of 147,866 shares trading hands.

The firm has a 50 day simple moving average of $17.92 and a 200-day simple moving average of $17.67.

Several hedge funds and other institutional investors have recently made changes to their positions in UCO. Financial Advocates Investment Management bought a new position in shares of ProShares Ultra Bloomberg Crude Oil during the second quarter worth approximately $221,000. Lido Advisors LLC increased its stake in shares of ProShares Ultra Bloomberg Crude Oil by 446.4% during the second quarter. Lido Advisors LLC now owns 289,612 shares of the exchange traded fund’s stock worth $5,595,000 after purchasing an additional 236,612 shares during the period. Simplex Trading LLC bought a new position in shares of ProShares Ultra Bloomberg Crude Oil during the third quarter worth approximately $577,000. Finally, SG Americas Securities LLC bought a new position in shares of ProShares Ultra Bloomberg Crude Oil during the third quarter worth approximately $352,000.

ProShares Ultra Bloomberg Crude Oil Company Profile (NYSEARCA:UCO)

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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