ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Short Interest Down 16.3% in January

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCOGet Free Report) was the recipient of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 1,322,526 shares, a drop of 16.3% from the January 15th total of 1,579,748 shares. Based on an average daily volume of 3,084,809 shares, the short-interest ratio is presently 0.4 days. Approximately 7.3% of the shares of the stock are sold short. Approximately 7.3% of the shares of the stock are sold short. Based on an average daily volume of 3,084,809 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of ProShares Ultra Bloomberg Crude Oil

Several large investors have recently bought and sold shares of the company. Luminist Capital LLC purchased a new position in shares of ProShares Ultra Bloomberg Crude Oil in the second quarter valued at $30,000. Corsicana & Co. acquired a new stake in ProShares Ultra Bloomberg Crude Oil in the 3rd quarter valued at about $45,000. Spire Wealth Management increased its holdings in ProShares Ultra Bloomberg Crude Oil by 15.5% during the 3rd quarter. Spire Wealth Management now owns 6,702 shares of the exchange traded fund’s stock valued at $151,000 after acquiring an additional 900 shares in the last quarter. Connective Capital Management LLC acquired a new position in ProShares Ultra Bloomberg Crude Oil during the third quarter worth about $159,000. Finally, JPMorgan Chase & Co. acquired a new position in ProShares Ultra Bloomberg Crude Oil during the third quarter worth about $191,000.

ProShares Ultra Bloomberg Crude Oil Trading Down 1.0%

ProShares Ultra Bloomberg Crude Oil stock traded down $0.22 during mid-day trading on Tuesday, reaching $22.29. The company had a trading volume of 2,517,360 shares, compared to its average volume of 3,534,691. The stock’s 50-day simple moving average is $20.83 and its 200-day simple moving average is $21.52. ProShares Ultra Bloomberg Crude Oil has a 1 year low of $17.78 and a 1 year high of $29.20.

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About ProShares Ultra Bloomberg Crude Oil

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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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