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) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

ProShares Ultra Bloomberg Crude Oil Stock Down 0.1 %

The company’s fifty day simple moving average is $27.30 and its two-hundred day simple moving average is $27.86.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Crude Oil

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC acquired a new stake in shares of ProShares Ultra Bloomberg Crude Oil during the third quarter worth $25,000. SG Americas Securities LLC raised its holdings in shares of ProShares Ultra Bloomberg Crude Oil by 27.0% during the fourth quarter. SG Americas Securities LLC now owns 5,240 shares of the exchange traded fund’s stock worth $144,000 after acquiring an additional 1,114 shares during the period. Spire Wealth Management bought a new position in ProShares Ultra Bloomberg Crude Oil in the fourth quarter valued at $192,000. JPMorgan Chase & Co. grew its position 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 purchasing an additional 4,323 shares in the last quarter. Finally, IHT Wealth Management LLC bought a new position in shares of ProShares Ultra Bloomberg Crude Oil in the 3rd quarter valued at about $376,000.

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.