ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Shares Gap Up – Still a Buy?

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $40.86, but opened at $42.32. ProShares Ultra Bloomberg Crude Oil shares last traded at $42.81, with a volume of 3,134,582 shares changing hands.

ProShares Ultra Bloomberg Crude Oil News Roundup

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

• Positive Sentiment: Middle East supply risks and Strait of Hormuz disruptions pushed crude sharply higher, supporting leveraged oil ETFs like UCO. Oil gains over 2% as market weighs Iran war supply risks
• Positive Sentiment: Bank of America raised its oil outlook, citing a supply shock that boosts long-term price assumptions — a fundamental tailwind for UCO’s underlying exposure to crude futures. Oil shock lifts BofA outlook on US energy
• Positive Sentiment: The IEA and market commentators warned of a historic oil shock if flows via key chokepoints remain restricted, reinforcing a bullish price backdrop for leveraged crude products. IEA warns of historic oil shock as Fed faces ‘nightmare setup,’ Larry McDonald says
• Neutral Sentiment: The Fed is expected to hold rates steady today; while rate news can sway risk assets, for UCO the immediate driver remains crude price moves rather than monetary policy. Fed meeting updates: FOMC set to hold rates steady as oil prices soar
• Neutral Sentiment: Equity futures and market positioning are reacting to oil volatility ahead of the Fed decision; these cross-asset flows can amplify short-term moves in UCO but are not a direct oil-supply signal. Dow Jones futures dip as oil prices stiffen, Fed decision and dot plot awaited
• Negative Sentiment: An Iraq export deal and resumption of some overland flows eased shipping chokepoint concerns, prompting a pullback in crude that capped UCO gains. Oil Prices Drop After Critical Iraq Export Deal. It’s Seismic as Iran Holds Hormuz Hostage.
• Negative Sentiment: Rising inventories, profit‑taking and elevated short interest raise the risk of sharper pullbacks in oil — a downside risk for leveraged funds like UCO that amplify moves. Oil News: Iraqi Supply Hits Crude Oil—Will War Risks Keep Dip Buyers Active?

ProShares Ultra Bloomberg Crude Oil Stock Performance

The firm has a 50-day moving average price of $25.36 and a two-hundred day moving average price of $22.58.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in UCO. Luminist Capital LLC bought a new stake in ProShares Ultra Bloomberg Crude Oil during the 2nd quarter valued at about $30,000. Flow Traders U.S. LLC increased its position in shares of ProShares Ultra Bloomberg Crude Oil by 202.7% during the second quarter. Flow Traders U.S. LLC now owns 32,267 shares of the exchange traded fund’s stock worth $723,000 after acquiring an additional 21,609 shares during the period. Two Sigma Securities LLC raised its stake in shares of ProShares Ultra Bloomberg Crude Oil by 25.8% during the second quarter. Two Sigma Securities LLC now owns 13,583 shares of the exchange traded fund’s stock valued at $304,000 after acquiring an additional 2,785 shares in the last quarter. Corsicana & Co. bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil during the third quarter valued at approximately $45,000. Finally, Spire Wealth Management raised its stake in shares of ProShares Ultra Bloomberg Crude Oil by 15.5% during the third 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.

About ProShares Ultra Bloomberg Crude Oil

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.