ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Stock Price Up 4.9%

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) shares shot up 4.9% on Wednesday . The stock traded as high as $79.17 and last traded at $79.09. 4,999 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 1,258,656 shares. The stock had previously closed at $75.37.

The firm’s fifty day moving average price is $72.86 and its 200-day moving average price is $67.01.

Several institutional investors have recently made changes to their positions in UCO. Flow Traders U.S. LLC acquired a new stake in shares of ProShares Ultra Bloomberg Crude Oil during the second quarter worth about $1,552,000. Brookstone Capital Management bought a new position in ProShares Ultra Bloomberg Crude Oil in the second quarter valued at approximately $1,243,000. Regal Investment Advisors LLC acquired a new position in shares of ProShares Ultra Bloomberg Crude Oil in the second quarter valued at approximately $818,000. Lido Advisors LLC bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil during the first quarter worth $229,000. Finally, Simplex Trading LLC lifted its position in ProShares Ultra Bloomberg Crude Oil by 10.0% in the 2nd quarter. Simplex Trading LLC now owns 40,813 shares of the exchange traded fund’s stock valued at $3,192,000 after acquiring an additional 3,701 shares in the last quarter.

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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