ProShares Ultra Bloomberg Crude Oil Sees Unusually High Options Volume (NYSEARCA:UCO)

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) was the target of some unusual options trading on Tuesday. Traders purchased 6,225 put options on the company. This represents an increase of approximately 42% compared to the average daily volume of 4,389 put options.

Institutional Trading of ProShares Ultra Bloomberg Crude Oil

A number of hedge funds have recently made changes to their positions in UCO. Quantum Financial Advisors LLC acquired a new stake in ProShares Ultra Bloomberg Crude Oil during the 2nd quarter valued at $480,000. XTX Topco Ltd acquired a new position in ProShares Ultra Bloomberg Crude Oil in the 1st quarter worth $345,000. Jump Financial LLC boosted its position in 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 buying an additional 4,001 shares during the last quarter. Two Sigma Securities LLC grew its stake in shares of ProShares Ultra Bloomberg Crude Oil by 25.8% during the second quarter. Two Sigma Securities LLC now owns 13,583 shares of the exchange traded fund’s stock valued at $304,000 after acquiring an additional 2,785 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of ProShares Ultra Bloomberg Crude Oil during the third quarter valued at about $191,000.

ProShares Ultra Bloomberg Crude Oil Trading Down 2.5%

Shares of NYSEARCA:UCO opened at $19.80 on Wednesday. The business’s 50-day simple moving average is $21.40 and its 200 day simple moving average is $22.57. ProShares Ultra Bloomberg Crude Oil has a one year low of $17.78 and a one year high of $31.64.

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.