ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Short Interest Update

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 1,730,000 shares, a growth of 80.1% from the September 30th total of 960,800 shares. Currently, 7.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,464,200 shares, the short-interest ratio is currently 0.7 days. Based on an average daily trading volume, of 2,464,200 shares, the short-interest ratio is currently 0.7 days. Currently, 7.9% of the shares of the stock are short sold.

ProShares Ultra Bloomberg Crude Oil Trading Up 1.4%

Shares of ProShares Ultra Bloomberg Crude Oil stock opened at $21.46 on Monday. ProShares Ultra Bloomberg Crude Oil has a 12-month low of $17.78 and a 12-month high of $31.64. The firm’s 50-day moving average price is $22.21 and its two-hundred day moving average price is $22.55.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Crude Oil

Large investors have recently bought and sold shares of the company. Quantum Financial Advisors LLC acquired a new stake in ProShares Ultra Bloomberg Crude Oil during the second quarter worth about $480,000. XTX Topco Ltd acquired a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the 1st quarter valued at approximately $345,000. Jump Financial LLC boosted its stake in shares of ProShares Ultra Bloomberg Crude Oil by 13.2% in the 1st quarter. Jump Financial LLC now owns 34,346 shares of the exchange traded fund’s stock valued at $929,000 after purchasing an additional 4,001 shares in the last quarter. Spire Wealth Management boosted its stake in shares of ProShares Ultra Bloomberg Crude Oil by 15.5% in the 3rd quarter. Spire Wealth Management now owns 6,702 shares of the exchange traded fund’s stock valued at $151,000 after purchasing an additional 900 shares in the last quarter. Finally, Two Sigma Securities LLC boosted its stake in shares of ProShares Ultra Bloomberg Crude Oil by 25.8% in the 2nd quarter. Two Sigma Securities LLC now owns 13,583 shares of the exchange traded fund’s stock valued at $304,000 after purchasing an additional 2,785 shares in the last quarter.

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.