Stock Traders Buy High Volume of ProShares Ultra Bloomberg Crude Oil Call Options (NYSEARCA:UCO)

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) was the recipient of unusually large options trading on Tuesday. Stock traders bought 7,159 call options on the stock. This is an increase of 42% compared to the typical volume of 5,044 call options.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Crude Oil

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brookstone Capital Management acquired a new stake in shares of ProShares Ultra Bloomberg Crude Oil during the first quarter worth about $218,000. Private Advisor Group LLC raised its position in ProShares Ultra Bloomberg Crude Oil by 0.5% during the 1st quarter. Private Advisor Group LLC now owns 67,400 shares of the exchange traded fund’s stock worth $2,224,000 after buying an additional 350 shares during the last quarter. Headlands Technologies LLC purchased a new position in ProShares Ultra Bloomberg Crude Oil during the 1st quarter worth approximately $317,000. Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the 1st quarter valued at $1,650,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the first quarter worth $396,000.

ProShares Ultra Bloomberg Crude Oil Trading Up 1.2 %

NYSEARCA UCO opened at $27.03 on Thursday. ProShares Ultra Bloomberg Crude Oil has a 52 week low of $22.88 and a 52 week high of $36.51. The company has a 50 day moving average price of $27.82 and a 200 day moving average price of $30.94.

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.