ProShares Ultra Bloomberg Crude Oil Sees Unusually High Options Volume (NYSEARCA:UCO)

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCOGet Free Report) was the recipient of unusually large options trading activity on Friday. Stock investors purchased 9,685 call options on the stock. This represents an increase of 55% compared to the typical volume of 6,241 call options.

More ProShares Ultra Bloomberg Crude Oil News

Here are the key news stories impacting ProShares Ultra Bloomberg Crude Oil this week:

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in UCO. Baker Avenue Asset Management LP boosted its position in shares of ProShares Ultra Bloomberg Crude Oil by 52.8% in the fourth quarter. Baker Avenue Asset Management LP now owns 115,750 shares of the exchange traded fund’s stock valued at $2,236,000 after acquiring an additional 40,000 shares during the period. Corient Private Wealth LLC bought a new position in ProShares Ultra Bloomberg Crude Oil during the fourth quarter worth about $859,000. Flow Traders U.S. LLC raised its stake in ProShares Ultra Bloomberg Crude Oil by 202.7% in the 2nd quarter. Flow Traders U.S. LLC now owns 32,267 shares of the exchange traded fund’s stock worth $723,000 after purchasing an additional 21,609 shares in the last quarter. Headlands Technologies LLC bought a new stake in ProShares Ultra Bloomberg Crude Oil in the 4th quarter valued at about $397,000. Finally, Spire Wealth Management boosted its holdings in ProShares Ultra Bloomberg Crude Oil by 180.5% in the 4th quarter. Spire Wealth Management now owns 18,802 shares of the exchange traded fund’s stock valued at $363,000 after purchasing an additional 12,100 shares during the period.

ProShares Ultra Bloomberg Crude Oil Price Performance

Shares of ProShares Ultra Bloomberg Crude Oil stock traded up $2.55 on Friday, hitting $33.24. The stock had a trading volume of 5,939,907 shares, compared to its average volume of 4,683,383. ProShares Ultra Bloomberg Crude Oil has a twelve month low of $17.78 and a twelve month high of $33.75. The business’s 50 day moving average is $22.53 and its two-hundred day moving average is $21.81.

ProShares Ultra Bloomberg Crude Oil Company Profile

(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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