ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO – Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 3,273,584 shares changed 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 Down 0.3 %
The stock has a fifty day moving average price of $26.52 and a 200-day moving average price of $28.07.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in UCO. X Square Capital LLC purchased a new stake in shares of ProShares Ultra Bloomberg Crude Oil during the 3rd quarter worth about $902,000. Farther Finance Advisors LLC bought a new stake in ProShares Ultra Bloomberg Crude Oil in the third quarter worth approximately $25,000. Baker Avenue Asset Management LP acquired a new position in shares of ProShares Ultra Bloomberg Crude Oil during the 3rd quarter worth $636,000. IHT Wealth Management LLC bought a new position in shares of ProShares Ultra Bloomberg Crude Oil during the 3rd quarter valued at $376,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of ProShares Ultra Bloomberg Crude Oil by 50.5% in the 3rd 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.
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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