Traders Buy High Volume of ProShares Ultra Bloomberg Crude Oil Call Options (NYSEARCA:UCO)

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) was the recipient of unusually large options trading activity on Wednesday. Stock investors purchased 10,566 call options on the stock. This is an increase of approximately 130% compared to the typical volume of 4,589 call options.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Crude Oil

Large investors have recently modified their holdings of the company. Flow Traders U.S. LLC boosted its position 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 worth $723,000 after acquiring an additional 21,609 shares in the last quarter. Quantum Financial Advisors LLC purchased a new position in ProShares Ultra Bloomberg Crude Oil during the 2nd quarter worth $480,000. JPMorgan Chase & Co. purchased a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the third quarter valued at about $191,000. Connective Capital Management LLC acquired a new stake in ProShares Ultra Bloomberg Crude Oil in the third quarter valued at about $159,000. Finally, Two Sigma Securities LLC lifted its holdings in ProShares Ultra Bloomberg Crude Oil by 25.8% in 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 during the period.

More ProShares Ultra Bloomberg Crude Oil News

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

• Positive Sentiment: U.S. forces moved to seize a fleeing, Venezuela-linked oil tanker after a weeks-long pursuit — an enforcement action that raises geopolitical risk and can support near-term oil prices by creating supply uncertainty. U.S. Forces Launch Operation to Seize Fleeing Oil Tanker
• Neutral Sentiment: Chinese independent refiners are expected to replace halted Venezuelan shipments with Iranian heavy crude — a substitution that blunts how much Venezuelan barrels flowing to the U.S. would tighten or loosen global balances. Chinese refiners expected to replace Venezuelan oil with Iranian crude, traders say
• Negative Sentiment: Reports say Venezuela will continue oil sales and U.S. sanctions will be reduced — and President Trump publicly suggested 30–50M barrels could be routed to the U.S. market. That prospect of a material new supply overhang has driven oil futures lower and is the primary downward catalyst for UCO. Oil sales from Venezuela to continue indefinitely, sanctions will be reduced, sources say
• Negative Sentiment: Market and technical commentary show crude futures retreating on oversupply fears (key WTI support tested); traders are pricing in 30–50M barrels and pushing shorts/hedges that weigh on oil ETFs and leveraged oil products like UCO. Oil News: Crude Oil Futures Fall as Venezuela Deal Sparks Oversupply Fears

ProShares Ultra Bloomberg Crude Oil Stock Down 1.1%

Shares of NYSEARCA UCO traded down $0.22 during mid-day trading on Wednesday, hitting $18.75. The company had a trading volume of 1,838,301 shares, compared to its average volume of 2,580,481. The business’s 50-day simple moving average is $20.17 and its 200 day simple moving average is $21.93. ProShares Ultra Bloomberg Crude Oil has a 1-year low of $17.78 and a 1-year high of $31.64.

About ProShares Ultra Bloomberg Crude Oil

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.