ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO – Get Free Report) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 2,303,759 shares, a drop of 52.4% from the March 15th total of 4,835,259 shares. Based on an average trading volume of 13,507,519 shares, the short-interest ratio is presently 0.2 days. Approximately 16.4% of the company’s shares are short sold.
ProShares Ultra Bloomberg Crude Oil News Summary
Here are the key news stories impacting ProShares Ultra Bloomberg Crude Oil this week:
- Positive Sentiment: Recent supply‑shock fears (failed U.S.–Iran talks and threats to the Strait of Hormuz) previously pushed WTI sharply higher — a backdrop that can support UCO on any renewed escalation. Natural Gas and Oil Forecast: WTI Jumps 8% as Hormuz Risks Return – $110 Next?
- Positive Sentiment: Announcements and actions such as a U.S. naval blockade pushed crude above $100 recently, creating a higher baseline for oil that benefits leveraged long products while the disruption persists. Oil bounces back above $100 after US, Iran talks end stalemate
- Neutral Sentiment: Major oil players (e.g., BP) flagged exceptional trading performance amid the volatility — this highlights that energy firms/traders are profiting from swings, but it’s ambiguous for UCO’s near‑term direction because trading profits can coexist with price pullbacks. BP flags ‘exceptional’ oil trading performance as Iran war chokes supply
- Negative Sentiment: Fresh signposts of improving diplomatic prospects and talk of a possible end to the Middle East conflict pushed oil lower intraday — the main driver of UCO’s decline today. Crude Oil Price Analysis – Oil Drifting as World Waits for Next Headline
- Negative Sentiment: Multiple outlets reported oil easing as U.S. and Iran signals left room for resumed diplomacy; traders pared risk premia, weighing down futures and leveraged long instruments like UCO. Oil Falls on Hopes for U.S.-Iran Peace Talks
- Negative Sentiment: Reuters and CNBC noted crude futures retreated as traders balanced lingering supply risks with signs that talks or diplomatic channels may limit the conflict—this ambiguity has translated to profit‑taking and a pullback in UCO. US crude futures fall over $1 as traders weigh supply risks
ProShares Ultra Bloomberg Crude Oil Stock Performance
Shares of UCO stock traded down $1.41 during mid-day trading on Tuesday, reaching $40.71. The company’s stock had a trading volume of 4,996,600 shares, compared to its average volume of 9,023,100. The company’s 50 day simple moving average is $32.71 and its 200-day simple moving average is $24.91. ProShares Ultra Bloomberg Crude Oil has a 12-month low of $18.12 and a 12-month high of $44.25.
Hedge Funds Weigh In On ProShares Ultra Bloomberg Crude Oil
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.
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