ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Shares Gap Up to $29.99

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCOGet Rating)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $29.99, but opened at $31.28. ProShares Ultra Bloomberg Crude Oil shares last traded at $29.82, with a volume of 25,589 shares.

ProShares Ultra Bloomberg Crude Oil Stock Performance

The firm’s 50-day simple moving average is $34.66 and its 200 day simple moving average is $39.83.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Crude Oil

Institutional investors and hedge funds have recently modified their holdings of the company. Lido Advisors LLC lifted its stake in ProShares Ultra Bloomberg Crude Oil by 2.6% in the 1st quarter. Lido Advisors LLC now owns 2,901 shares of the exchange traded fund’s stock valued at $444,000 after purchasing an additional 73 shares during the last quarter. Regal Investment Advisors LLC lifted its stake in ProShares Ultra Bloomberg Crude Oil by 1.9% in the 1st quarter. Regal Investment Advisors LLC now owns 10,461 shares of the exchange traded fund’s stock valued at $1,604,000 after purchasing an additional 192 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in ProShares Ultra Bloomberg Crude Oil in the 1st quarter valued at approximately $31,000. Means Investment CO. Inc. raised its stake in shares of ProShares Ultra Bloomberg Crude Oil by 5.9% during the first quarter. Means Investment CO. Inc. now owns 4,062 shares of the exchange traded fund’s stock valued at $623,000 after acquiring an additional 225 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in shares of ProShares Ultra Bloomberg Crude Oil by 157.0% during the first quarter. Qube Research & Technologies Ltd now owns 383 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 234 shares during the last quarter.

ProShares Ultra Bloomberg Crude Oil Company Profile

(Get Rating)

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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