ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Trading Down 4.9%

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO)’s stock price traded down 4.9% on Wednesday . The stock traded as low as $33.35 and last traded at $33.56. 2,324,201 shares were traded during mid-day trading, an increase of 5% from the average session volume of 2,207,040 shares. The stock had previously closed at $35.28.

ProShares Ultra Bloomberg Crude Oil Stock Down 4.9 %

The business’s 50 day moving average price is $31.47 and its 200-day moving average price is $30.07.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Crude Oil

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Brookstone Capital Management acquired a new position in ProShares Ultra Bloomberg Crude Oil during the 1st quarter worth approximately $218,000. Tower Research Capital LLC TRC boosted its holdings in shares of ProShares Ultra Bloomberg Crude Oil by 211.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 42,607 shares of the exchange traded fund’s stock valued at $1,112,000 after buying an additional 28,945 shares in the last quarter. UBS Group AG acquired a new position in shares of ProShares Ultra Bloomberg Crude Oil in the 4th quarter valued at $546,000. Private Advisor Group LLC raised its position in ProShares Ultra Bloomberg Crude Oil by 3.3% in the 4th quarter. Private Advisor Group LLC now owns 67,050 shares of the exchange traded fund’s stock valued at $1,750,000 after purchasing an additional 2,150 shares during the last quarter. Finally, Simplex Trading LLC purchased a new stake in ProShares Ultra Bloomberg Crude Oil in the 4th quarter valued at $248,000.

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.