ProShares Ultra Bloomberg Crude Oil Target of Unusually High Options Trading (NYSEARCA:UCO)

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCOGet Free Report) was the recipient of some unusual options trading on Monday. Traders acquired 13,106 call options on the company. This represents an increase of 44% compared to the average daily volume of 9,078 call options.

ProShares Ultra Bloomberg Crude Oil Stock Performance

Shares of NYSEARCA:UCO traded up $0.39 on Monday, reaching $42.45. 6,945,835 shares of the company’s stock were exchanged, compared to its average volume of 8,750,279. ProShares Ultra Bloomberg Crude Oil has a twelve month low of $17.78 and a twelve month high of $44.25. The company has a fifty day moving average of $28.68 and a 200-day moving average of $23.59.

ProShares Ultra Bloomberg Crude Oil News Summary

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

Hedge Funds Weigh In On ProShares Ultra Bloomberg Crude Oil

Several institutional investors and hedge funds have recently added to or reduced their stakes in UCO. Corient Private Wealth LLC bought a new stake in ProShares Ultra Bloomberg Crude Oil in the fourth quarter valued at approximately $859,000. Baker Avenue Asset Management LP raised its holdings 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 purchasing an additional 40,000 shares during the last quarter. Flow Traders U.S. LLC lifted its position in shares of 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 worth $723,000 after purchasing an additional 21,609 shares during the period. Headlands Technologies LLC bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the 4th quarter valued at $397,000. Finally, Quadrature Capital Ltd bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the 4th quarter valued at $334,000.

ProShares Ultra Bloomberg Crude Oil Company Profile

(Get Free Report)

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.

Further Reading

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