ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Short Interest Update

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 1,322,526 shares, a decrease of 16.3% from the January 15th total of 1,579,748 shares. Based on an average daily trading volume, of 3,084,809 shares, the days-to-cover ratio is presently 0.4 days. Approximately 7.3% of the shares of the company are short sold. Approximately 7.3% of the shares of the company are short sold. Based on an average daily trading volume, of 3,084,809 shares, the days-to-cover ratio is presently 0.4 days.

ProShares Ultra Bloomberg Crude Oil Stock Performance

Shares of NYSEARCA UCO opened at $22.51 on Monday. ProShares Ultra Bloomberg Crude Oil has a fifty-two week low of $17.78 and a fifty-two week high of $29.20. The firm’s 50-day simple moving average is $20.78 and its 200 day simple moving average is $21.54.

Institutional Trading of ProShares Ultra Bloomberg Crude Oil

A number of hedge funds and other institutional investors have recently modified their holdings of UCO. Baker Avenue Asset Management LP boosted its stake in ProShares Ultra Bloomberg Crude Oil by 52.8% during the fourth quarter. Baker Avenue Asset Management LP now owns 115,750 shares of the exchange traded fund’s stock valued at $2,236,000 after buying an additional 40,000 shares in the last quarter. Flow Traders U.S. LLC lifted its holdings in ProShares Ultra Bloomberg Crude Oil by 202.7% in the 2nd quarter. Flow Traders U.S. LLC now owns 32,267 shares of the exchange traded fund’s stock valued at $723,000 after acquiring an additional 21,609 shares during the last quarter. Headlands Technologies LLC acquired a new stake in ProShares Ultra Bloomberg Crude Oil in the 4th quarter valued at about $397,000. Spire Wealth Management boosted its position in shares of ProShares Ultra Bloomberg Crude Oil by 180.5% during the 4th quarter. Spire Wealth Management now owns 18,802 shares of the exchange traded fund’s stock valued at $363,000 after purchasing an additional 12,100 shares in the last quarter. Finally, Simplex Trading LLC acquired a new position in shares of ProShares Ultra Bloomberg Crude Oil in the 4th quarter worth approximately $201,000.

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.