Short Interest in ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Expands By 80.1%

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 1,730,000 shares, an increase of 80.1% from the September 30th total of 960,800 shares. Based on an average daily volume of 2,464,200 shares, the short-interest ratio is presently 0.7 days. Currently, 7.9% of the shares of the stock are short sold. Currently, 7.9% of the shares of the stock are short sold. Based on an average daily volume of 2,464,200 shares, the short-interest ratio is presently 0.7 days.

ProShares Ultra Bloomberg Crude Oil Stock Performance

UCO opened at $21.46 on Friday. The company’s 50 day moving average is $22.21 and its 200-day moving average is $22.53. ProShares Ultra Bloomberg Crude Oil has a 1-year low of $17.78 and a 1-year high of $31.64.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Crude Oil

A number of hedge funds have recently made changes to their positions in the stock. Spire Wealth Management boosted its stake in shares of ProShares Ultra Bloomberg Crude Oil by 15.5% in the 3rd quarter. Spire Wealth Management now owns 6,702 shares of the exchange traded fund’s stock valued at $151,000 after purchasing an additional 900 shares in the last quarter. Luminist Capital LLC acquired a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the 2nd quarter valued at approximately $30,000. Corsicana & Co. acquired a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the 3rd quarter valued at approximately $45,000. Two Sigma Securities LLC boosted its stake in shares of ProShares Ultra Bloomberg Crude Oil by 25.8% in the 2nd quarter. Two Sigma Securities LLC now owns 13,583 shares of the exchange traded fund’s stock valued at $304,000 after purchasing an additional 2,785 shares in the last quarter. Finally, Jump Financial LLC boosted its stake in shares of ProShares Ultra Bloomberg Crude Oil by 13.2% in the 1st quarter. Jump Financial LLC now owns 34,346 shares of the exchange traded fund’s stock valued at $929,000 after purchasing an additional 4,001 shares in 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.