Baker Avenue Asset Management LP Increases Holdings in ProShares Ultra Bloomberg Crude Oil $UCO

Baker Avenue Asset Management LP boosted its stake in shares of ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) by 52.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 115,750 shares of the exchange traded fund’s stock after acquiring an additional 40,000 shares during the period. Baker Avenue Asset Management LP’s holdings in ProShares Ultra Bloomberg Crude Oil were worth $2,236,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in UCO. Spire Wealth Management grew its holdings in 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 buying an additional 12,100 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of ProShares Ultra Bloomberg Crude Oil during the 3rd quarter worth approximately $191,000. Connective Capital Management LLC purchased a new stake in ProShares Ultra Bloomberg Crude Oil during the third quarter valued at $159,000. Finally, Two Sigma Securities LLC lifted its holdings 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 acquiring an additional 2,785 shares during the last quarter.

Key ProShares Ultra Bloomberg Crude Oil News

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

• Positive Sentiment: Fresh U.S. strikes on Iran and reports of tankers moving through the Strait of Hormuz with transponders off have renewed supply-disruption fears, supporting oil prices and helping UCO. Oil rebounds after US strikes Iran military site
• Positive Sentiment: Exxon said oil inventories could become “really, really low” in coming weeks, which would likely force crude prices higher if supply tightens further. Exxon warns oil inventories will hit dangerously low levels in weeks, forcing prices to shoot higher
• Positive Sentiment: U.S. crude stockpiles fell for a fifth straight week, signaling a tighter domestic market and reinforcing support for oil-linked ETFs like UCO. U.S. Crude-Oil Stockpiles Post Fifth Straight Weekly Drop
• Neutral Sentiment: Some reports point to a possible U.S.-Iran ceasefire extension and reopening of Hormuz, which would ease supply fears and pressure crude lower if progress continues. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats As U.S. And Iran May Extend Ceasefire By 60 Days
• Neutral Sentiment: Technically, crude remains choppy, with conflicting headlines creating sharp intraday swings rather than a clear trend. Crude Oil Price Analysis – Oil Has Overhead Pressure as Traders Watch Middle East
• Negative Sentiment: Multiple reports say oil has weakened on hopes for a Hormuz reopening and progress in U.S.-Iran talks, which would reduce geopolitical risk premiums and weigh on UCO. Oil Declines as Markets Gauge Prospects of Hormuz Reopening

ProShares Ultra Bloomberg Crude Oil Price Performance

NYSEARCA UCO opened at $44.43 on Friday. The business’s 50 day moving average price is $43.55 and its 200-day moving average price is $30.17. ProShares Ultra Bloomberg Crude Oil has a fifty-two week low of $18.12 and a fifty-two week high of $52.94.

ProShares Ultra Bloomberg Crude Oil 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.