Investors Buy Large Volume of Call Options on ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO)

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCOGet Free Report) was the target of some unusual options trading activity on Monday. Stock investors bought 13,106 call options on the company. This is an increase of approximately 44% compared to the average volume of 9,078 call options.

ProShares Ultra Bloomberg Crude Oil Stock Performance

Shares of NYSEARCA:UCO traded up $0.39 during mid-day trading on Monday, hitting $42.45. The company had a trading volume of 6,945,835 shares, compared to its average volume of 8,750,279. ProShares Ultra Bloomberg Crude Oil has a one year low of $17.78 and a one year high of $44.25. The firm has a fifty day moving average price of $28.68 and a 200 day moving average price of $23.59.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Crude Oil

Several institutional investors have recently made changes to their positions in UCO. Luminist Capital LLC acquired a new position in ProShares Ultra Bloomberg Crude Oil during the second quarter worth $30,000. Flow Traders U.S. LLC grew its holdings 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 valued at $723,000 after buying an additional 21,609 shares during the last quarter. Two Sigma Securities LLC grew its holdings 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 buying an additional 2,785 shares during the last quarter. Corsicana & Co. bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil during the third quarter worth about $45,000. Finally, Spire Wealth Management raised its holdings in shares of ProShares Ultra Bloomberg Crude Oil by 15.5% in the 3rd quarter. Spire Wealth Management now owns 6,702 shares of the exchange traded fund’s stock worth $151,000 after acquiring an additional 900 shares during the last quarter.

Trending Headlines about ProShares Ultra Bloomberg Crude Oil

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About ProShares Ultra Bloomberg Crude Oil

(Get Free Report)

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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