Short Interest in ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Increases By 196.9%

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 4,835,259 shares, an increase of 196.9% from the February 26th total of 1,628,554 shares. Based on an average trading volume of 24,105,922 shares, the days-to-cover ratio is currently 0.2 days. Approximately 26.8% of the shares of the stock are short sold. Approximately 26.8% of the shares of the stock are short sold. Based on an average trading volume of 24,105,922 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in UCO. Quadrature Capital Ltd acquired a new position in ProShares Ultra Bloomberg Crude Oil in the 4th quarter valued at approximately $334,000. Headlands Technologies LLC bought a new position in shares of ProShares Ultra Bloomberg Crude Oil during the fourth quarter valued at $397,000. Simplex Trading LLC acquired a new position in shares of ProShares Ultra Bloomberg Crude Oil during the fourth quarter worth $201,000. Baker Avenue Asset Management LP grew its stake 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 worth $2,236,000 after purchasing an additional 40,000 shares during the last quarter. Finally, Connective Capital Management LLC bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the third quarter worth $159,000.

Key ProShares Ultra Bloomberg Crude Oil News

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

• Positive Sentiment: Reuters-calculated disruptions have taken at least ~40% of Russia’s oil export capacity offline, a major supply shock that supports higher crude prices and benefits UCO. At least 40% of Russia’s oil export capacity halted
• Positive Sentiment: FXEmpire reports oil rallies as traders bet U.S.–Iran talks will fail — renewed geopolitical risk appetite lifts crude and would support a rebound in UCO if the risk premium persists. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies As Traders Bet U.S. – Iran Talks Will Fail
• Positive Sentiment: The White House says it is tracking tanker transits through the Strait of Hormuz closely — elevated shipping risk/escorts keep a geopolitical premium on oil that can buoy UCO. US tracking closely how to get oil tankers through Strait of Hormuz
• Neutral Sentiment: Canada’s Trans Mountain pipeline is running nearly full for April — increases regional flow capacity, which may relieve some supply strain but is limited versus global disruptions. CERAWEEK Canada’s Trans Mountain running nearly full on global oil disruptions, CEO says
• Neutral Sentiment: Exxon has a team in Venezuela evaluating opportunities — potential future supply upside but uncertain timing and scale; near-term impact limited. CERAWEEK Exxon says its team is in Venezuela evaluating oil opportunities
• Negative Sentiment: U.S. commercial crude stocks rose for the fifth straight week (WSJ) — inventory builds and weaker exports are bearish for near-term crude prices and weigh on UCO. U.S. Crude Oil Stockpiles Rise for Fifth Straight Week
• Negative Sentiment: Venezuela reports March production of ~1.1 mln bpd — added supply from sanctioned producers can blunt price spikes and is a headwind for UCO. Venezuela oil production has reached 1.1 mln bpd in March
• Negative Sentiment: UCO has seen a sharp rise in short interest (nearly +197% in March; ~26.8% of float short) — heavier short selling can pressure the ETF and increase volatility; a short-covering move could also amplify upside if oil spikes. UCO short interest and trading stats

ProShares Ultra Bloomberg Crude Oil Price Performance

UCO traded down $0.76 on Wednesday, reaching $39.46. The stock had a trading volume of 11,022,108 shares, compared to its average volume of 8,761,484. ProShares Ultra Bloomberg Crude Oil has a fifty-two week low of $17.78 and a fifty-two week high of $44.25. The firm has a 50-day moving average of $27.46 and a 200-day moving average of $23.21.

About ProShares Ultra Bloomberg Crude Oil

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.