ProShares Ultra Bloomberg Crude Oil Target of Unusually Large Options Trading (NYSEARCA:UCO)

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCOGet Free Report) was the target of some unusual options trading on Monday. Stock traders purchased 7,836 call options on the stock. This is an increase of 75% compared to the average volume of 4,489 call options.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Crude Oil

Several large investors have recently bought and sold shares of the business. Quantum Financial Advisors LLC purchased a new stake in ProShares Ultra Bloomberg Crude Oil in the second quarter worth about $480,000. Jump Financial LLC lifted its position in shares of ProShares Ultra Bloomberg Crude Oil by 13.2% during 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 in the last quarter. Flow Traders U.S. LLC grew its stake in shares of ProShares Ultra Bloomberg Crude Oil by 202.7% during the 2nd quarter. Flow Traders U.S. LLC now owns 32,267 shares of the exchange traded fund’s stock valued at $723,000 after acquiring an additional 21,609 shares during the period. Connective Capital Management LLC purchased a new stake in ProShares Ultra Bloomberg Crude Oil in the 3rd quarter worth approximately $159,000. Finally, JPMorgan Chase & Co. purchased a new stake in ProShares Ultra Bloomberg Crude Oil in the 3rd quarter worth approximately $191,000.

Key Stores Impacting ProShares Ultra Bloomberg Crude Oil

Here are the key news stories impacting ProShares Ultra Bloomberg Crude Oil this week:

ProShares Ultra Bloomberg Crude Oil Trading Up 4.3%

Shares of UCO opened at $19.71 on Tuesday. The business’s fifty day simple moving average is $20.39 and its two-hundred day simple moving average is $22.38. ProShares Ultra Bloomberg Crude Oil has a 12 month low of $17.78 and a 12 month high of $31.64.

ProShares Ultra Bloomberg Crude Oil Company Profile

(Get Free Report)

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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