ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Sees Large Volume Increase

Shares of ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCOGet Rating) saw strong trading volume on Friday . 66,864 shares traded hands during mid-day trading, a decline of 98% from the previous session’s volume of 2,710,929 shares.The stock last traded at $28.32 and had previously closed at $30.27.

ProShares Ultra Bloomberg Crude Oil Price Performance

The firm’s fifty day moving average price is $30.97 and its 200 day moving average price is $37.17.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of UCO. Macroview Investment Management LLC raised its stake in shares of ProShares Ultra Bloomberg Crude Oil by 844.9% during the 2nd quarter. Macroview Investment Management LLC now owns 652 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 583 shares in the last quarter. Lake Point Wealth Management increased its stake in ProShares Ultra Bloomberg Crude Oil by 300.0% during the 2nd quarter. Lake Point Wealth Management now owns 760 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 570 shares in the last quarter. Newbridge Financial Services Group Inc. increased its stake in ProShares Ultra Bloomberg Crude Oil by 300.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 800 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 600 shares in the last quarter. Ahrens Investment Partners LLC increased its stake in ProShares Ultra Bloomberg Crude Oil by 300.0% during the 2nd quarter. Ahrens Investment Partners LLC now owns 800 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 600 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in ProShares Ultra Bloomberg Crude Oil during the 3rd quarter valued at approximately $35,000.

About ProShares Ultra Bloomberg Crude Oil

(Get Rating)

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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