ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO – Get Free Report)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $25.79, but opened at $26.63. ProShares Ultra Bloomberg Crude Oil shares last traded at $26.99, with a volume of 1,483,601 shares traded.
ProShares Ultra Bloomberg Crude Oil Stock Performance
The firm’s 50-day moving average price is $21.36 and its 200 day moving average price is $24.82.
Hedge Funds Weigh In On ProShares Ultra Bloomberg Crude Oil
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil during the fourth quarter worth $28,000. Jump Financial LLC raised its holdings 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 during the period. WT Wealth Management acquired a new position in ProShares Ultra Bloomberg Crude Oil during the fourth quarter worth approximately $202,000. XTX Topco Ltd bought a new position in shares of ProShares Ultra Bloomberg Crude Oil during the 1st quarter worth approximately $345,000. Finally, Baker Avenue Asset Management LP increased its holdings in shares of ProShares Ultra Bloomberg Crude Oil by 80.0% during the 4th quarter. Baker Avenue Asset Management LP now owns 45,000 shares of the exchange traded fund’s stock worth $1,238,000 after acquiring an additional 20,000 shares during 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.
See Also
- Five stocks we like better than ProShares Ultra Bloomberg Crude Oil
- Growth Investing: Should You Adopt This Investing Strategy in 2022?
- Applied Digital: Now the High-Stakes Race to Build Begins
- What is Short Interest? How to Use It
- Zscaler Upgraded: Wall Street Forecasts 26% More Upside
- What is a Special Dividend?
- The Bottom Is in for Powerfleet: An Intelligent Time to Buy
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.
