ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Sees Strong Trading Volume – Here’s What Happened

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) saw unusually-high trading volume on Monday . Approximately 3,273,584 shares were traded during mid-day trading, an increase of 129% from the previous session’s volume of 1,427,808 shares.The stock last traded at $30.14 and had previously closed at $30.13.

ProShares Ultra Bloomberg Crude Oil Trading Down 0.3 %

The company’s fifty day simple moving average is $26.52 and its two-hundred day simple moving average is $28.07.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Crude Oil

A number of large investors have recently bought and sold shares of the business. X Square Capital LLC acquired a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the third quarter valued at approximately $902,000. Baker Avenue Asset Management LP bought a new stake in ProShares Ultra Bloomberg Crude Oil during the 3rd quarter valued at $636,000. IHT Wealth Management LLC acquired a new position in ProShares Ultra Bloomberg Crude Oil during the 3rd quarter worth $376,000. JPMorgan Chase & Co. grew its stake in shares of ProShares Ultra Bloomberg Crude Oil by 50.5% in the third quarter. JPMorgan Chase & Co. now owns 12,890 shares of the exchange traded fund’s stock worth $328,000 after purchasing an additional 4,323 shares in the last quarter. Finally, Farther Finance Advisors LLC bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil during the third quarter valued at about $25,000.

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.