ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Share Price Pass Above Two Hundred Day Moving Average of $30.13

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $30.13 and traded as high as $33.66. ProShares Ultra Bloomberg Crude Oil shares last traded at $32.92, with a volume of 958,567 shares trading hands.

ProShares Ultra Bloomberg Crude Oil Stock Performance

The firm has a fifty day moving average price of $31.90 and a two-hundred day moving average price of $30.13.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Crude Oil

Several hedge funds and other institutional investors have recently modified their holdings of UCO. Texas Capital Bank Wealth Management Services Inc purchased a new stake in ProShares Ultra Bloomberg Crude Oil in the 1st quarter worth $1,650,000. Quadrature Capital Ltd purchased a new stake in ProShares Ultra Bloomberg Crude Oil in the 1st quarter worth $396,000. HighTower Advisors LLC purchased a new stake in ProShares Ultra Bloomberg Crude Oil in the 3rd quarter worth $384,000. Integrated Advisors Network LLC purchased a new stake in ProShares Ultra Bloomberg Crude Oil in the 3rd quarter worth $353,000. Finally, Headlands Technologies LLC purchased a new stake in ProShares Ultra Bloomberg Crude Oil in the 1st quarter worth $317,000.

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.