ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Short Interest Up 106.5% in January

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) saw a large growth in short interest in January. As of January 15th, there was short interest totaling 1,579,748 shares, a growth of 106.5% from the December 31st total of 765,045 shares. Based on an average daily trading volume, of 4,025,548 shares, the short-interest ratio is presently 0.4 days. Currently, 8.6% of the company’s stock are sold short. Currently, 8.6% of the company’s stock are sold short. Based on an average daily trading volume, of 4,025,548 shares, the short-interest ratio is presently 0.4 days.

ProShares Ultra Bloomberg Crude Oil Price Performance

NYSEARCA UCO traded up $0.16 during trading on Friday, hitting $24.10. The company’s stock had a trading volume of 5,652,437 shares, compared to its average volume of 3,554,233. The business’s 50 day simple moving average is $20.25 and its 200-day simple moving average is $21.68. ProShares Ultra Bloomberg Crude Oil has a fifty-two week low of $17.78 and a fifty-two week high of $29.20.

Key ProShares Ultra Bloomberg Crude Oil News

Here are the key news stories impacting ProShares Ultra Bloomberg Crude Oil this week:

• Positive Sentiment: Heightened U.S.-Iran tensions and market concern about a possible U.S. strike have added a risk premium to crude, sending prices up and supporting leveraged long funds like UCO. OPEC+ set to keep oil production pause for March as prices jump, sources say
• Positive Sentiment: Technical momentum and breakout signals in crude markets have encouraged speculative buying; analysts note charts are set up for upside if geopolitical supply risk materializes. Oil News: Will Supply Shock Spike Crude Oil Above $66.49 Resistance?
• Neutral Sentiment: Big oil executives’ comments keep attention on Venezuela: Chevron says reforms are improving investment prospects, while Exxon maintains political transition is needed — news that shapes medium‑term supply expectations but is not an immediate price shock. Chevron CEO says Venezuela taking positive steps to protect private oil investment
• Neutral Sentiment: ExxonMobil’s better‑than‑expected quarterly results (helped by lower‑cost production) bolster sentiment around majors but aren’t a direct driver of front‑month crude movements that UCO tracks. Exxon beats Wall Street targets for Q4 profit with help from lower-cost oil production
• Negative Sentiment: The U.S. has moved to ease some Venezuela sanctions and is pitching Venezuelan crude to India as Russia flows slow — measures that could accelerate Venezuelan exports and add supply that weighs on prices. US pitches Venezuelan crude to India as its Russian oil imports slow, sources say
• Negative Sentiment: U.S. easing of sanctions plus Venezuela’s newly approved oil‑law reforms could unlock more output over time, increasing medium‑term supply pressure on prices. US eases sanctions on Venezuelan oil industry
• Negative Sentiment: Refinery restarts and capacity moves (China’s CNPC restarting Dalian unit to process discounted Russian crude; talks to revive Trinidad & Tobago’s refinery) increase throughput and could help absorb crude surplus, limiting upside. China’s CNPC set to restart Dalian refinery to process Russian oil
• Negative Sentiment: A Reuters poll shows expectations that oversupply will keep oil around ~$60/bbl this year, a bearish baseline that could cap gains after headline-driven spikes. Oil forceast to hover near $60/bbl, as oversupply outweighs geopolitical risks

Hedge Funds Weigh In On ProShares Ultra Bloomberg Crude Oil

Several hedge funds have recently made changes to their positions in the company. Luminist Capital LLC purchased a new stake in ProShares Ultra Bloomberg Crude Oil during the 2nd quarter valued at about $30,000. Corsicana & Co. acquired a new position in ProShares Ultra Bloomberg Crude Oil in the 3rd quarter worth approximately $45,000. Spire Wealth Management increased its holdings in 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 worth $151,000 after buying an additional 900 shares during the period. Connective Capital Management LLC purchased a new position in ProShares Ultra Bloomberg Crude Oil during the 3rd quarter worth approximately $159,000. Finally, JPMorgan Chase & Co. acquired a new stake in ProShares Ultra Bloomberg Crude Oil during the 3rd quarter valued at approximately $191,000.

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.