ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Reaches New 1-Year High – Here’s What Happened

Shares of ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as $67.39 and last traded at $67.36, with a volume of 388,395 shares. The stock had previously closed at $64.89.

ProShares Ultra Bloomberg Crude Oil Price Performance

The firm has a 50 day moving average price of $53.03 and a 200 day moving average price of $40.59.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Corient Private Wealth LLC purchased a new stake in ProShares Ultra Bloomberg Crude Oil during the fourth quarter valued at $859,000. Integrated Wealth Concepts LLC purchased a new position in shares of ProShares Ultra Bloomberg Crude Oil in the 2nd quarter valued at $38,000. Finally, Royal Bank of Canada lifted its position in ProShares Ultra Bloomberg Crude Oil by 48.8% during the first quarter. Royal Bank of Canada now owns 1,000 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 328 shares during the last quarter.

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.