ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Shares Gap Up to $15.87

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $15.54, but opened at $15.87. ProShares Ultra Bloomberg Crude Oil shares last traded at $16.29, with a volume of 3,355,765 shares traded.

The firm’s 50 day moving average price is $16.97 and its 200 day moving average price is $19.09.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Financial Advocates Investment Management purchased a new position in shares of ProShares Ultra Bloomberg Crude Oil during the second quarter valued at about $221,000. Simplex Trading LLC purchased a new position in shares of ProShares Ultra Bloomberg Crude Oil during the third quarter valued at about $577,000. Finally, Lido Advisors LLC increased its position in shares of ProShares Ultra Bloomberg Crude Oil by 446.4% during the second quarter. Lido Advisors LLC now owns 289,612 shares of the exchange traded fund’s stock valued at $5,595,000 after buying an additional 236,612 shares during the period.

ProShares Ultra Bloomberg Crude Oil Company Profile (NYSEARCA:UCO)

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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