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

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 2,193,088 shares, a decline of 35.8% from the April 15th total of 3,418,151 shares. Based on an average daily volume of 5,425,205 shares, the short-interest ratio is currently 0.4 days. Approximately 23.2% of the company’s shares are short sold.

More ProShares Ultra Bloomberg Crude Oil News

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

• Positive Sentiment: Crude prices have been supported by escalating geopolitical risk, including reports that the Strait of Hormuz remains closed and warnings that global oil inventories are being depleted quickly. IEA chief Birol: commercial oil inventories depleting rapidly, only weeks left
• Positive Sentiment: Market commentary says WTI has stayed around the $102 level and could push higher if supply disruptions persist, which is generally constructive for UCO. Natural Gas and Oil Forecast: Hormuz Crisis Keeps WTI at $102 — Can Bulls Push to $105?
• Positive Sentiment: Reuters and CNBC reported that oil prices rose on fears of extended supply disruption after stalled Iran-U.S. peace efforts and a drone attack in the region, reinforcing the bullish oil backdrop. Oil rises as Iran-U.S. deadlocked peace talks fan fears of extended supply disruption
• Neutral Sentiment: One Reuters report said U.S. crude futures fell more than 2% after President Trump said he had paused a planned attack on Iran, showing how quickly UCO can reverse if tensions ease. US crude futures fall over 2% as Trump says he holds off scheduled attack on Iran
• Neutral Sentiment: Reuters also noted a record draw from the U.S. Strategic Petroleum Reserve, which lowers emergency stockpiles but is less immediately impactful than the Iran/Hormuz headlines. Record oil draw from US emergency reserve drives total volumes to two-year low
• Negative Sentiment: Reports that Trump may hold off an attack on Iran could reduce the immediate risk premium in crude, which would weigh on UCO if de-escalation continues. US crude futures fall over 2% as Trump says he holds off scheduled attack on Iran

ProShares Ultra Bloomberg Crude Oil Stock Performance

UCO stock traded up $0.42 during trading on Monday, hitting $50.62. The company had a trading volume of 7,000,469 shares, compared to its average volume of 8,088,093. The firm has a 50-day moving average price of $41.56 and a 200-day moving average price of $28.51. ProShares Ultra Bloomberg Crude Oil has a 12 month low of $18.12 and a 12 month high of $52.94.

Institutional Trading of ProShares Ultra Bloomberg Crude Oil

A number of institutional investors have recently bought and sold shares of UCO. Royal Bank of Canada grew its holdings in ProShares Ultra Bloomberg Crude Oil by 48.8% during the 1st quarter. Royal Bank of Canada now owns 1,000 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 328 shares during the period. Connective Capital Management LLC acquired a new stake in ProShares Ultra Bloomberg Crude Oil during the 3rd quarter worth $159,000. JPMorgan Chase & Co. acquired a new stake in ProShares Ultra Bloomberg Crude Oil during the 3rd quarter worth $191,000. Simplex Trading LLC acquired a new stake in ProShares Ultra Bloomberg Crude Oil during the 4th quarter worth $201,000. Finally, WT Wealth Management acquired a new stake in ProShares Ultra Bloomberg Crude Oil during the 1st quarter worth $289,000.

ProShares Ultra Bloomberg Crude Oil Company Profile

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.