ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO – Get Free Report)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $30.91, but opened at $30.02. ProShares Ultra Bloomberg Crude Oil shares last traded at $30.26, with a volume of 379,148 shares traded.
ProShares Ultra Bloomberg Crude Oil Stock Down 2.4 %
The firm has a fifty day simple moving average of $31.94 and a 200 day simple moving average of $31.51.
Hedge Funds Weigh In On ProShares Ultra Bloomberg Crude Oil
A number of hedge funds have recently made changes to their positions in the stock. Brookstone Capital Management acquired a new stake in ProShares Ultra Bloomberg Crude Oil during the 1st quarter worth approximately $218,000. Simplex Trading LLC acquired a new position in shares of ProShares Ultra Bloomberg Crude Oil during the 4th quarter valued at $248,000. Headlands Technologies LLC acquired a new stake in ProShares Ultra Bloomberg Crude Oil in the 1st quarter valued at $317,000. Quadrature Capital Ltd purchased a new position in ProShares Ultra Bloomberg Crude Oil in the first quarter valued at about $396,000. Finally, Texas Capital Bank Wealth Management Services Inc acquired a new position in shares of ProShares Ultra Bloomberg Crude Oil during the first quarter worth about $1,650,000.
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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