ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) Stock Pass Above Two Hundred Day Moving Average of $0.00

ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $92.48. ProShares UltraShort DJ-UBS Commodity shares last traded at $91.63, with a volume of 11,652 shares.

CMD has been the subject of several research analyst reports. Zacks Investment Research upgraded HENKEL AG & CO/S from a “sell” rating to a “hold” rating in a research report on Thursday, June 6th. Needham & Company LLC initiated coverage on Luckin Coffee in a research report on Tuesday, June 11th. They issued a “buy” rating and a $27.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $112.33.

The company’s 50 day simple moving average is $78.59.

ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) last issued its quarterly earnings results on Tuesday, June 4th. The medical instruments supplier reported $0.55 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.55. The business had revenue of $228.55 million during the quarter, compared to analyst estimates of $227.55 million. During the same period in the previous year, the business posted $0.60 earnings per share. The firm’s quarterly revenue was up 5.2% on a year-over-year basis.

The company also recently disclosed a dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, July 16th.

ProShares UltraShort DJ-UBS Commodity Company Profile (NYSEARCA:CMD)

ProShares UltraShort DJ-UBS Commodity (the Fund), formerly ProShares UltraShort DJ-AIG Commodity is an exchange-traded fund (ETF). The Fund seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of The Dow Jones-UBS Commodity Index. The Dow Jones-UBS Commodity Index allows investors to track the commodity futures market.

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