ProShares Ultra DJ-UBS Crude Oil (NYSE:UCO) saw unusually large options trading activity on Monday. Stock investors purchased 7,223 put options on the company. This represents an increase of approximately 357% compared to the average daily volume of 1,581 put options.

Hedge funds have recently modified their holdings of the stock. ING Groep NV acquired a new position in ProShares Ultra DJ-UBS Crude Oil during the second quarter valued at approximately $149,000. Trellus Management Company LLC boosted its position in ProShares Ultra DJ-UBS Crude Oil by 181.7% in the second quarter. Trellus Management Company LLC now owns 60,000 shares of the exchange traded fund’s stock valued at $892,000 after buying an additional 38,700 shares during the period. Geneva Advisors LLC acquired a new position in ProShares Ultra DJ-UBS Crude Oil during the second quarter valued at approximately $937,000. BKS Advisors LLC boosted its position in ProShares Ultra DJ-UBS Crude Oil by 16.6% in the second quarter. BKS Advisors LLC now owns 17,525 shares of the exchange traded fund’s stock valued at $260,000 after buying an additional 2,500 shares during the period. Finally, Commerzbank Aktiengesellschaft FI boosted its position in ProShares Ultra DJ-UBS Crude Oil by 3.1% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 51,988 shares of the exchange traded fund’s stock valued at $773,000 after buying an additional 1,580 shares during the period.

ProShares Ultra DJ-UBS Crude Oil (UCO) opened at 15.50 on Friday. ProShares Ultra DJ-UBS Crude Oil has a 52 week low of $12.36 and a 52 week high of $24.48. The company has a 50-day moving average of $15.73 and a 200-day moving average of $17.04.

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