COBO Makes Bullish Cross Above Critical Moving Average

In trading on Thursday, shares of the Proshares USD Covered Bond ETF (COBO) crossed above their 200 day moving average of $100.88, changing hands as high as $101.42 per share. Proshares USD Covered Bond shares are currently trading up about 0.8% on the day. The chart below shows the one year performance of COBO shares, versus its 200 day moving average:

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Proshares USD Covered Bond 200 Day Moving Average Chart

Looking at the chart above, COBO's low point in its 52 week range is $99.69 per share, with $102.23 as the 52 week high point — that compares with a last trade of $101.42.

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