Short Interest in ProShares Ultra DJ-UBS Crude Oil (UCO) Declines By 72.8%
ProShares Ultra DJ-UBS Crude Oil (NYSEARCA:UCO) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 3,680,303 shares, a decline of 72.8% from the January 12th total of 13,535,279 shares. Based on an average daily trading volume, of 2,626,014 shares, the days-to-cover ratio is presently 1.4 days.
An institutional investor recently raised its position in ProShares Ultra DJ-UBS Crude Oil stock. Virtu Financial LLC grew its holdings in ProShares Ultra DJ-UBS Crude Oil (NYSEARCA:UCO) by 13.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 117,596 shares of the exchange traded fund’s stock after buying an additional 14,345 shares during the quarter. Virtu Financial LLC owned 0.34% of ProShares Ultra DJ-UBS Crude Oil worth $1,200,000 as of its most recent SEC filing.
Shares of ProShares Ultra DJ-UBS Crude Oil (UCO) opened at $23.86 on Thursday. ProShares Ultra DJ-UBS Crude Oil has a 12-month low of $12.36 and a 12-month high of $28.52.
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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