ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Share Price Cross Above 200 Day Moving Average of $30.13

Shares of ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $30.13 and traded as high as $33.99. ProShares Ultra Bloomberg Crude Oil shares last traded at $33.73, with a volume of 1,481,336 shares trading hands.

ProShares Ultra Bloomberg Crude Oil Price Performance

The company has a 50-day moving average of $32.02 and a 200-day moving average of $30.13.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Crude Oil

Large investors have recently bought and sold shares of the company. Citigroup Inc. acquired a new position in ProShares Ultra Bloomberg Crude Oil during the 3rd quarter worth approximately $76,000. Integrated Advisors Network LLC bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil during the 3rd quarter worth approximately $353,000. Sovereign Financial Group Inc. raised its stake in shares of ProShares Ultra Bloomberg Crude Oil by 245.7% during the 3rd quarter. Sovereign Financial Group Inc. now owns 32,566 shares of the exchange traded fund’s stock worth $1,149,000 after purchasing an additional 23,146 shares in the last quarter. HighTower Advisors LLC bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil during the 3rd quarter worth approximately $384,000. Finally, SG Americas Securities LLC bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil during the 3rd quarter worth approximately $146,000.

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.