ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Share Price Pass Above 200-Day Moving Average of $30.15

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $30.15 and traded as high as $31.61. ProShares Ultra Bloomberg Crude Oil shares last traded at $31.26, with a volume of 1,564,675 shares trading hands.

ProShares Ultra Bloomberg Crude Oil Stock Performance

The company has a 50 day moving average price of $32.46 and a two-hundred day moving average price of $30.14.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Crude Oil

A number of hedge funds have recently made changes to their positions in the company. Citigroup Inc. acquired a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the third quarter valued at about $76,000. SG Americas Securities LLC purchased a new stake in ProShares Ultra Bloomberg Crude Oil during the 3rd quarter valued at about $146,000. WT Wealth Management acquired a new stake in ProShares Ultra Bloomberg Crude Oil in the 3rd quarter valued at about $212,000. Brookstone Capital Management acquired a new stake in ProShares Ultra Bloomberg Crude Oil in the 1st quarter valued at about $218,000. Finally, Simplex Trading LLC purchased a new position in ProShares Ultra Bloomberg Crude Oil in the 4th quarter worth approximately $248,000.

About ProShares Ultra Bloomberg Crude Oil

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.