ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO – Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $31.49, but opened at $30.77. ProShares Ultra Bloomberg Crude Oil shares last traded at $30.77, with a volume of 81,763 shares changing hands.
ProShares Ultra Bloomberg Crude Oil Trading Down 0.6 %
The business’s fifty day moving average is $26.84 and its two-hundred day moving average is $28.03.
Institutional Investors Weigh In On ProShares Ultra Bloomberg Crude Oil
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. X Square Capital LLC bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the 3rd quarter valued at about $902,000. Farther Finance Advisors LLC bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the 3rd quarter valued at about $25,000. Baker Avenue Asset Management LP bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the 3rd quarter valued at about $636,000. IHT Wealth Management LLC bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the 3rd quarter valued at about $376,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of ProShares Ultra Bloomberg Crude Oil by 50.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 12,890 shares of the exchange traded fund’s stock valued at $328,000 after purchasing an additional 4,323 shares in 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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