JPMorgan Chase & Co. reduced its holdings in shares of ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO – Free Report) by 31.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,855 shares of the exchange traded fund’s stock after selling 4,035 shares during the period. JPMorgan Chase & Co. owned 0.05% of ProShares Ultra Bloomberg Crude Oil worth $244,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC boosted its stake in ProShares Ultra Bloomberg Crude Oil by 27.0% during the fourth quarter. SG Americas Securities LLC now owns 5,240 shares of the exchange traded fund’s stock worth $144,000 after acquiring an additional 1,114 shares in the last quarter. Spire Wealth Management bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil during the fourth quarter worth about $192,000. Finally, WT Wealth Management bought a new stake in ProShares Ultra Bloomberg Crude Oil during the 4th quarter worth approximately $202,000.
ProShares Ultra Bloomberg Crude Oil Price Performance
Shares of ProShares Ultra Bloomberg Crude Oil stock opened at $19.44 on Friday. ProShares Ultra Bloomberg Crude Oil has a 52 week low of $17.78 and a 52 week high of $35.71. The business has a 50 day moving average price of $23.25 and a 200-day moving average price of $25.81.
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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Want to see what other hedge funds are holding UCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO – Free Report).
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