ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO – Get Free Report) passed 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 changing hands.
ProShares Ultra Bloomberg Crude Oil Trading Up 2.0 %
The business’s 50-day simple moving average is $26.18 and its two-hundred day simple moving average is $28.29.
Hedge Funds Weigh In On ProShares Ultra Bloomberg Crude Oil
Institutional investors have recently added to or reduced their stakes in the business. IHT Wealth Management LLC acquired a new position in shares of ProShares Ultra Bloomberg Crude Oil during the third quarter valued at about $376,000. Baker Avenue Asset Management LP bought a new stake in ProShares Ultra Bloomberg Crude Oil in the 3rd quarter valued at about $636,000. X Square Capital LLC acquired a new position in ProShares Ultra Bloomberg Crude Oil during the 3rd quarter worth approximately $902,000. JPMorgan Chase & Co. boosted its holdings 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 worth $328,000 after acquiring an additional 4,323 shares in the last quarter. Finally, Farther Finance Advisors LLC acquired a new stake in ProShares Ultra Bloomberg Crude Oil in the third quarter valued at approximately $25,000.
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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