Proshares Ultra Basic Materials Breaks Below 200-Day Moving Average - Notable for UYM

In trading on Wednesday, shares of the Proshares Ultra Basic Materials ETF ( UYM) crossed below their 200 day moving average of $41.67, changing hands as low as $41.37 per share. Proshares Ultra Basic Materials shares are currently trading down about 2.4% on the day. The chart below shows the one year performance of UYM shares, versus its 200 day moving average:

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Proshares Ultra Basic Materials 200 Day Moving Average Chart

Looking at the chart above, UYM's low point in its 52 week range is $32.57 per share, with $49.10 as the 52 week high point — that compares with a last trade of $41.49.

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