ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO)’s stock price were up 7.5% during trading on Wednesday . The company traded as high as $18.72 and last traded at $18.58, approximately 4,288,900 shares were traded during trading. An increase of 24% from the average daily volume of 3,447,007 shares. The stock had previously closed at $17.29.
The business has a 50 day simple moving average of $17.38 and a 200 day simple moving average of $17.84.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Financial Advocates Investment Management acquired a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the second quarter valued at $221,000. SG Americas Securities LLC acquired a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the third quarter valued at $352,000. Simplex Trading LLC acquired a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the third quarter valued at $577,000. Finally, Lido Advisors LLC raised its stake in shares of ProShares Ultra Bloomberg Crude Oil by 446.4% in the second quarter. Lido Advisors LLC now owns 289,612 shares of the exchange traded fund’s stock valued at $5,595,000 after acquiring an additional 236,612 shares in the last quarter.
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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