ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) Share Price Pass Above 200-Day Moving Average of $75.82

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Shares of ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $75.82 and traded as high as $86.40. ProShares UltraShort DJ-UBS Commodity shares last traded at $86.30, with a volume of 4,470 shares.

Several research analysts have recently issued reports on CMD shares. Zacks Investment Research downgraded ProShares UltraShort DJ-UBS Commodity from a “hold” rating to a “sell” rating in a research note on Thursday, June 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of ProShares UltraShort DJ-UBS Commodity in a research note on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. ProShares UltraShort DJ-UBS Commodity presently has an average rating of “Hold” and an average target price of $112.33.

The business’s 50-day simple moving average is $87.98 and its two-hundred day simple moving average is $75.82.

ProShares UltraShort DJ-UBS Commodity Company Profile (NYSEARCA:CMD)

ProShares UltraShort DJ-UBS Commodity (the Fund), formerly ProShares UltraShort DJ-AIG Commodity is an exchange-traded fund (ETF). The Fund seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of The Dow Jones-UBS Commodity Index. The Dow Jones-UBS Commodity Index allows investors to track the commodity futures market.

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