Short Interest in ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Decreases By 35.8%

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 2,193,088 shares, a drop of 35.8% from the April 15th total of 3,418,151 shares. Currently, 23.2% of the company’s stock are short sold. Based on an average daily trading volume, of 5,425,205 shares, the days-to-cover ratio is presently 0.4 days.

ProShares Ultra Bloomberg Crude Oil News Roundup

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

• Positive Sentiment: Crude prices have been supported by fears of prolonged supply disruption from the Iran conflict and a possible closure or restriction of the Strait of Hormuz, which could tighten global oil markets further. Oil Rises Amid Prospects of Prolonged Strait of Hormuz Closure
• Positive Sentiment: Several reports noted that commercial oil inventories are being depleted rapidly, with the IEA warning supply buffers could last only weeks, which keeps the bullish case for crude intact. IEA chief Birol: commercial oil inventories depleting rapidly, only weeks left
• Positive Sentiment: Analysts also highlighted that even after pullbacks, the broader oil trend remains firm because tight inventories and ongoing disruption risk continue to outweigh easing headlines. Oil Price Forecast: Crude Pullback May Be the Calm Before the Next Surge
• Neutral Sentiment: Some reports said oil bounced after gapping lower, reflecting sharp intraday volatility as traders react to shifting headlines on U.S.-Iran talks and potential military action. Crude Oil Price Analysis – Oil Bo9unces After Gapping Lower
• Negative Sentiment: At the same time, oil sold off when Trump delayed a planned strike on Iran, easing immediate supply-disruption fears and briefly reducing the war premium in crude. US crude futures fall over 2% as Trump says he holds off scheduled attack on Iran

Hedge Funds Weigh In On ProShares Ultra Bloomberg Crude Oil

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its stake in shares of ProShares Ultra Bloomberg Crude Oil by 48.8% in the 1st quarter. Royal Bank of Canada now owns 1,000 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 328 shares during the period. Connective Capital Management LLC purchased a new stake in ProShares Ultra Bloomberg Crude Oil during the third quarter worth approximately $159,000. JPMorgan Chase & Co. purchased a new stake in ProShares Ultra Bloomberg Crude Oil during the third quarter worth approximately $191,000. Simplex Trading LLC purchased a new stake in ProShares Ultra Bloomberg Crude Oil during the fourth quarter worth approximately $201,000. Finally, WT Wealth Management purchased a new stake in ProShares Ultra Bloomberg Crude Oil during the first quarter worth approximately $289,000.

ProShares Ultra Bloomberg Crude Oil Stock Performance

Shares of UCO traded up $1.20 during midday trading on Tuesday, hitting $51.82. The company had a trading volume of 2,176,141 shares, compared to its average volume of 8,025,176. The company’s 50-day simple moving average is $41.96 and its 200-day simple moving average is $28.72. ProShares Ultra Bloomberg Crude Oil has a 1 year low of $18.12 and a 1 year high of $52.94.

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.