ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) Stock Price Pass Above 200 Day Moving Average of $75.82

ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $75.82 and traded as high as $86.40. ProShares UltraShort DJ-UBS Commodity shares last traded at $86.30, with a volume of 4,470 shares.

Several brokerages recently weighed in on CMD. Zacks Investment Research lowered ProShares UltraShort DJ-UBS Commodity from a “hold” rating to a “sell” rating in a report on Thursday, June 6th. Needham & Company LLC reissued a “hold” rating on shares of ProShares UltraShort DJ-UBS Commodity in a report on Tuesday, June 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $112.33.

The firm has a fifty day moving average of $87.98 and a two-hundred day moving average of $75.82.

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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