ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Stock Pass Above Two Hundred Day Moving Average – Time to Sell?

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCOGet Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $21.55 and traded as high as $25.51. ProShares Ultra Bloomberg Crude Oil shares last traded at $25.02, with a volume of 2,032,909 shares.

Key Stories Impacting ProShares Ultra Bloomberg Crude Oil

Here are the key news stories impacting ProShares Ultra Bloomberg Crude Oil this week:

ProShares Ultra Bloomberg Crude Oil Stock Performance

The company has a 50-day moving average of $21.29 and a 200-day moving average of $21.55.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of UCO. Luminist Capital LLC acquired a new position in shares of ProShares Ultra Bloomberg Crude Oil in the 2nd quarter valued at about $30,000. Corsicana & Co. bought a new position in ProShares Ultra Bloomberg Crude Oil in the third quarter worth about $45,000. Spire Wealth Management lifted its holdings in ProShares Ultra Bloomberg Crude Oil by 15.5% in the third quarter. Spire Wealth Management now owns 6,702 shares of the exchange traded fund’s stock worth $151,000 after acquiring an additional 900 shares during the last quarter. Connective Capital Management LLC acquired a new position in ProShares Ultra Bloomberg Crude Oil in the third quarter valued at approximately $159,000. Finally, JPMorgan Chase & Co. bought a new position in shares of ProShares Ultra Bloomberg Crude Oil during the third quarter valued at approximately $191,000.

ProShares Ultra Bloomberg Crude Oil Company Profile

(Get Free Report)

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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