Bank of Montreal Can Purchases Shares of 78,500 ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO)

Bank of Montreal Can purchased a new stake in ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 78,500 shares of the exchange traded fund’s stock, valued at approximately $1,864,000. Bank of Montreal Can owned approximately 0.31% of ProShares Ultra Bloomberg Crude Oil as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of UCO. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the 1st quarter valued at about $257,000. Flow Traders U.S. LLC raised its holdings in shares of ProShares Ultra Bloomberg Crude Oil by 91.9% during the 1st quarter. Flow Traders U.S. LLC now owns 16,720 shares of the exchange traded fund’s stock valued at $2,563,000 after buying an additional 8,009 shares in the last quarter. Lido Advisors LLC raised its holdings in shares of ProShares Ultra Bloomberg Crude Oil by 2.6% during the 1st quarter. Lido Advisors LLC now owns 2,901 shares of the exchange traded fund’s stock valued at $444,000 after buying an additional 73 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of ProShares Ultra Bloomberg Crude Oil by 519.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 18,066 shares of the exchange traded fund’s stock valued at $756,000 after buying an additional 15,149 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of ProShares Ultra Bloomberg Crude Oil by 185.0% during the 2nd quarter. Millennium Management LLC now owns 9,114 shares of the exchange traded fund’s stock valued at $382,000 after buying an additional 5,916 shares in the last quarter.

ProShares Ultra Bloomberg Crude Oil Price Performance

Shares of NYSEARCA UCO opened at $28.53 on Thursday. ProShares Ultra Bloomberg Crude Oil has a 1-year low of $20.74 and a 1-year high of $37.11. The stock’s 50-day moving average is $33.88 and its 200 day moving average is $28.82.

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.