ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO – Get Free Report)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $31.49, but opened at $30.77. ProShares Ultra Bloomberg Crude Oil shares last traded at $30.77, with a volume of 81,763 shares changing hands.
ProShares Ultra Bloomberg Crude Oil Stock Down 3.1 %
The company has a 50 day moving average price of $26.71 and a 200-day moving average price of $28.04.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC bought a new stake in ProShares Ultra Bloomberg Crude Oil in the third quarter valued at approximately $25,000. JPMorgan Chase & Co. boosted its holdings in ProShares Ultra Bloomberg Crude Oil by 50.5% in the third quarter. JPMorgan Chase & Co. now owns 12,890 shares of the exchange traded fund’s stock valued at $328,000 after acquiring an additional 4,323 shares during the last quarter. IHT Wealth Management LLC bought a new stake in ProShares Ultra Bloomberg Crude Oil in the third quarter valued at approximately $376,000. Baker Avenue Asset Management LP bought a new stake in ProShares Ultra Bloomberg Crude Oil in the third quarter valued at approximately $636,000. Finally, X Square Capital LLC bought a new stake in ProShares Ultra Bloomberg Crude Oil in the third quarter valued at approximately $902,000.
ProShares Ultra Bloomberg Crude Oil Company Profile
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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