ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO – Get Free Report) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 765,045 shares, a decrease of 44.1% from the December 15th total of 1,367,482 shares. Based on an average daily volume of 2,370,443 shares, the short-interest ratio is currently 0.3 days. Currently, 3.9% of the shares of the stock are short sold. Currently, 3.9% of the shares of the stock are short sold. Based on an average daily volume of 2,370,443 shares, the short-interest ratio is currently 0.3 days.
More ProShares Ultra Bloomberg Crude Oil News
Here are the key news stories impacting ProShares Ultra Bloomberg Crude Oil this week:
- Positive Sentiment: Technical recovery/short-covering has supported a bounce in WTI and futures after recent selloffs, which can limit near-term downside for leveraged crude plays like UCO. Crude Oil Price Forecast: Volatility Tests Bullish Reversal Structure
- Positive Sentiment: Oil futures showed signs of a technical recovery in early Asian trade, providing short-term upside momentum for oil-exposure ETFs. Oil Futures Edge Higher on Likely Technical Recovery
- Neutral Sentiment: OPEC regained market share in key buyers (India) as Russian imports slumped — a structural shift that could be supportive for some grades but is mixed for global supply/demand balance. OPEC regains share in India as Russian oil imports slump in December
- Neutral Sentiment: Legal/policy moves (U.S. Justice Dept. suing to block California drilling limits) may affect U.S. upstream activity over time but are unlikely to move UCO intraday. US Justice Department seeks to block California limits on oil wells near schools, hospitals
- Negative Sentiment: Easing Iran tensions after U.S. rhetoric reduced the near-term risk of military action, removing a key risk premium from oil and weighing on leveraged long crude ETFs like UCO. Oil flat as chances of US strike on Iran recedes
- Negative Sentiment: U.S. crude inventories posted another weekly rise, increasing downside pressure on prices and on 2x-long crude products. U.S. Crude Oil Stockpiles Post Weekly Increase
- Negative Sentiment: Renewed Venezuelan exports and completed U.S. purchases (first $500M sale) — plus proposals and licenses that could expand Venezuelan output — are adding physical supply to the market and pressuring prices. US completes first Venezuelan oil sales valued at $500 million, US official says
ProShares Ultra Bloomberg Crude Oil Trading Up 2.3%
Shares of UCO stock traded up $0.47 during trading hours on Friday, hitting $20.65. The stock had a trading volume of 763,234 shares, compared to its average volume of 3,708,356. ProShares Ultra Bloomberg Crude Oil has a one year low of $17.78 and a one year high of $30.78. The stock’s 50-day moving average price is $20.03 and its two-hundred day moving average price is $21.82.
Institutional Inflows and Outflows
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.
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