Short Interest in ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Decreases By 35.3%

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) saw a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 855,551 shares, a drop of 35.3% from the January 29th total of 1,322,526 shares. Currently, 4.7% of the company’s shares are sold short. Based on an average trading volume of 3,595,654 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 3,595,654 shares, the days-to-cover ratio is presently 0.2 days. Currently, 4.7% of the company’s shares are sold short.

ProShares Ultra Bloomberg Crude Oil News Roundup

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

• Positive Sentiment: Heightened U.S.-Iran tensions are lifting oil prices as traders fear potential strikes, which supports leveraged long products like UCO. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies Amid Middle East Tensions
• Positive Sentiment: Analysts raised oil price forecasts citing geopolitical supply risks, which bolsters the fundamental case for higher crude and benefits UCO’s 2x exposure. Analysts hike oil outlook on geopolitical risks, oversupply concerns limit upside
• Positive Sentiment: Technical and market commentary shows buyers continuing to position for a larger move higher as crude tests resistance zones—supporting short-term momentum for leveraged long ETFs. Crude Oil Weekly Price Analysis – Oil Coiling for Bigger Move?
• Neutral Sentiment: Technical setups show oil testing resistance near the mid-$60s; a breakout would help UCO, but failure to hold gains could reverse quickly given leveraged exposure. Oil Tests the Resistance in the 65 Area Before the Breakout of the 67 Zone
• Positive Sentiment: UCO-specific market structure: short interest fell sharply in February (≈35% drop), reducing one source of downward pressure and potentially exaggerating rallies. (Internal short-interest release)
• Negative Sentiment: Supply moves in the Gulf worry bulls: Abu Dhabi’s ADNOC plans to export more Murban crude in April, which adds to Middle East supply and could limit upside for oil and UCO. ADNOC offers more oil to partners in countdown to OPEC+ meet, sources and report say
• Negative Sentiment: U.S.-Iran diplomatic progress and large U.S. inventory builds have previously triggered sharp pullbacks in oil; ongoing talks or concrete inventory data could quickly push UCO lower. Oil Falls on Expectations U.S.-Iran Talks to Continue Next Week
• Negative Sentiment: Commentary warns recent oil gains are driven by hedging/speculation around Iran rather than strong fundamentals (weak China/US demand and potential OPEC+ supply increases), a headwind for sustained UCO performance. UCO: Oil’s Rise Only Down To Hedging, Unfavorable Supply/Demand

Institutional Investors Weigh In On ProShares Ultra Bloomberg Crude Oil

A number of institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LLC purchased a new stake in ProShares Ultra Bloomberg Crude Oil in the fourth quarter valued at approximately $859,000. Quadrature Capital Ltd acquired a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the fourth quarter valued at $334,000. Headlands Technologies LLC acquired a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the fourth quarter valued at $397,000. Simplex Trading LLC purchased a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the 4th quarter valued at $201,000. Finally, Baker Avenue Asset Management LP lifted its stake in ProShares Ultra Bloomberg Crude Oil by 52.8% during the 4th quarter. Baker Avenue Asset Management LP now owns 115,750 shares of the exchange traded fund’s stock worth $2,236,000 after acquiring an additional 40,000 shares in the last quarter.

ProShares Ultra Bloomberg Crude Oil Price Performance

NYSEARCA:UCO traded up $1.08 on Friday, reaching $25.54. The company’s stock had a trading volume of 5,162,634 shares, compared to its average volume of 3,547,402. ProShares Ultra Bloomberg Crude Oil has a 12-month low of $17.78 and a 12-month high of $28.42. The stock has a 50 day moving average price of $21.79 and a 200 day moving average price of $21.62.

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.