ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) gapped up prior to trading on Thursday . The stock had previously closed at $21.46, but opened at $20.84. ProShares Ultra Bloomberg Crude Oil shares last traded at $20.99, with a volume of 95,247 shares trading hands.

The company’s 50-day simple moving average is $18.35.

Institutional investors have recently made changes to their positions in the company. Meridian Wealth Management LLC bought a new position in shares of ProShares Ultra Bloomberg Crude Oil during the 1st quarter worth $29,000. U S Global Investors Inc. bought a new position in shares of ProShares Ultra Bloomberg Crude Oil during the 1st quarter worth $75,000. Deutsche Bank AG bought a new position in shares of ProShares Ultra Bloomberg Crude Oil during the 4th quarter worth $178,000. Aveo Capital Partners LLC bought a new position in shares of ProShares Ultra Bloomberg Crude Oil during the 1st quarter worth $214,000. Finally, CIBC Private Wealth Group LLC bought a new position in shares of ProShares Ultra Bloomberg Crude Oil during the 1st quarter worth $290,000.

ProShares Ultra Bloomberg Crude Oil Company Profile (NYSEARCA:UCO)

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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