Sovereign Financial Group Inc. Sells 5,220 Shares of ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO)

Sovereign Financial Group Inc. reduced its position in shares of ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) by 16.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 27,346 shares of the exchange traded fund’s stock after selling 5,220 shares during the quarter. Sovereign Financial Group Inc.’s holdings in ProShares Ultra Bloomberg Crude Oil were worth $714,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in UCO. Private Advisor Group LLC increased its position in ProShares Ultra Bloomberg Crude Oil by 3.3% during 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 period. Simplex Trading LLC bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil during the fourth quarter valued at approximately $248,000. Means Investment CO. Inc. raised its holdings in ProShares Ultra Bloomberg Crude Oil by 6.8% in the fourth quarter. Means Investment CO. Inc. now owns 14,513 shares of the exchange traded fund’s stock worth $379,000 after purchasing an additional 929 shares in the last quarter. Citigroup Inc. purchased a new position in ProShares Ultra Bloomberg Crude Oil during the third quarter valued at $76,000. Finally, WT Wealth Management bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil during the 3rd quarter valued at $212,000.

ProShares Ultra Bloomberg Crude Oil Stock Up 0.6 %

Shares of ProShares Ultra Bloomberg Crude Oil stock traded up $0.19 during trading on Wednesday, hitting $31.52. The company’s stock had a trading volume of 1,905,982 shares, compared to its average volume of 2,114,436. ProShares Ultra Bloomberg Crude Oil has a 52 week low of $21.20 and a 52 week high of $37.11. The company has a fifty day simple moving average of $32.54 and a two-hundred day simple moving average of $30.01.

ProShares Ultra Bloomberg Crude Oil 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.