ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO – Get Rating) gapped down prior to trading on Monday . The stock had previously closed at $23.28, but opened at $21.92. ProShares Ultra Bloomberg Crude Oil shares last traded at $21.27, with a volume of 4,473,980 shares trading hands.
ProShares Ultra Bloomberg Crude Oil Price Performance
The stock’s 50 day moving average price is $25.70 and its 200 day moving average price is $26.94.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. acquired a new position in ProShares Ultra Bloomberg Crude Oil during the first quarter worth $257,000. Flow Traders U.S. LLC raised its holdings in ProShares Ultra Bloomberg Crude Oil by 91.9% during the first quarter. Flow Traders U.S. LLC now owns 16,720 shares of the exchange traded fund’s stock worth $2,563,000 after buying an additional 8,009 shares during the last quarter. Lido Advisors LLC raised its holdings in ProShares Ultra Bloomberg Crude Oil by 2.6% during the first quarter. Lido Advisors LLC now owns 2,901 shares of the exchange traded fund’s stock worth $444,000 after buying an additional 73 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in ProShares Ultra Bloomberg Crude Oil by 519.3% during the second quarter. JPMorgan Chase & Co. now owns 18,066 shares of the exchange traded fund’s stock worth $756,000 after buying an additional 15,149 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in ProShares Ultra Bloomberg Crude Oil by 185.0% during the second quarter. Millennium Management LLC now owns 9,114 shares of the exchange traded fund’s stock worth $382,000 after buying an additional 5,916 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.
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