ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO – Get Free Report) shares saw an uptick in trading volume on Monday . 3,273,584 shares traded hands during trading, an increase of 129% from the previous session’s volume of 1,427,808 shares.The stock last traded at $30.14 and had previously closed at $30.13.
ProShares Ultra Bloomberg Crude Oil Stock Performance
The firm’s fifty day moving average price is $26.63 and its 200 day moving average price is $28.02.
Hedge Funds Weigh In On ProShares Ultra Bloomberg Crude Oil
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil during the 3rd quarter worth about $25,000. JPMorgan Chase & Co. grew its holdings in ProShares Ultra Bloomberg Crude Oil by 50.5% during the third quarter. JPMorgan Chase & Co. now owns 12,890 shares of the exchange traded fund’s stock valued at $328,000 after purchasing an additional 4,323 shares during the last quarter. IHT Wealth Management LLC bought a new position in shares of ProShares Ultra Bloomberg Crude Oil in the third quarter valued at approximately $376,000. Baker Avenue Asset Management LP bought a new position in shares of ProShares Ultra Bloomberg Crude Oil in the third quarter valued at approximately $636,000. Finally, X Square Capital LLC acquired a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the third quarter worth $902,000.
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.
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