Headlands Technologies LLC Buys New Position in ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO)

Headlands Technologies LLC bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 9,596 shares of the exchange traded fund’s stock, valued at approximately $317,000. Headlands Technologies LLC owned about 0.06% of ProShares Ultra Bloomberg Crude Oil as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Citigroup Inc. bought a new stake in ProShares Ultra Bloomberg Crude Oil during the third quarter worth $76,000. Brookstone Capital Management bought a new stake in ProShares Ultra Bloomberg Crude Oil during the first quarter worth $218,000. Simplex Trading LLC bought a new stake in ProShares Ultra Bloomberg Crude Oil during the fourth quarter worth $248,000. Means Investment CO. Inc. lifted its holdings in ProShares Ultra Bloomberg Crude Oil by 6.8% during the fourth quarter. Means Investment CO. Inc. now owns 14,513 shares of the exchange traded fund’s stock worth $379,000 after acquiring an additional 929 shares during the period. Finally, Private Advisor Group LLC lifted its holdings in ProShares Ultra Bloomberg Crude Oil by 3.3% during the fourth quarter. Private Advisor Group LLC now owns 67,050 shares of the exchange traded fund’s stock worth $1,750,000 after acquiring an additional 2,150 shares during the period.

ProShares Ultra Bloomberg Crude Oil Stock Performance

ProShares Ultra Bloomberg Crude Oil stock traded up $0.69 during mid-day trading on Wednesday, reaching $33.34. 300,938 shares of the company’s stock were exchanged, compared to its average volume of 1,875,988. The business’s fifty day simple moving average is $32.15 and its 200 day simple moving average is $31.04. ProShares Ultra Bloomberg Crude Oil has a one year low of $24.59 and a one year high of $37.11.

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.