IMC Chicago LLC Has $390,000 Stock Holdings in ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO)

IMC Chicago LLC trimmed its holdings in shares of ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) by 14.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 20,192 shares of the exchange traded fund’s stock after selling 3,291 shares during the period. IMC Chicago LLC’s holdings in ProShares Ultra Bloomberg Crude Oil were worth $390,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Meridian Wealth Management LLC bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the first quarter valued at approximately $29,000. U S Global Investors Inc. bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the first quarter valued at approximately $75,000. Financial Advocates Investment Management bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the second quarter valued at approximately $221,000. Deutsche Bank AG bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the fourth quarter valued at approximately $178,000. Finally, CIBC Private Wealth Group LLC bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the first quarter valued at approximately $290,000.

Shares of NYSEARCA UCO remained flat at $$18.82 during midday trading on Friday. 2,322,141 shares of the stock traded hands, compared to its average volume of 3,577,367. The company’s 50 day simple moving average is $17.28 and its two-hundred day simple moving average is $19.77. ProShares Ultra Bloomberg Crude Oil has a one year low of $12.20 and a one year high of $39.36.

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.

Recommended Story: How are dividend achievers different from dividend aristocrats?

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).

Institutional Ownership by Quarter for ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO)

Receive News & Ratings for ProShares Ultra Bloomberg Crude Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Bloomberg Crude Oil and related companies with MarketBeat.com's FREE daily email newsletter.