ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Shares Gap Up to $34.66

Shares of ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) gapped up prior to trading on Tuesday . The stock had previously closed at $34.66, but opened at $35.38. ProShares Ultra Bloomberg Crude Oil shares last traded at $35.58, with a volume of 270,631 shares trading hands.

ProShares Ultra Bloomberg Crude Oil Stock Up 2.7 %

The stock’s fifty day simple moving average is $29.55 and its 200 day simple moving average is $26.75.

Institutional Trading of ProShares Ultra Bloomberg Crude Oil

Hedge funds have recently made changes to their positions in the company. Spectrum Financial Alliance Ltd LLC purchased a new position in shares of ProShares Ultra Bloomberg Crude Oil during the 4th quarter worth approximately $17,248,000. Jump Financial LLC purchased a new position in shares of ProShares Ultra Bloomberg Crude Oil during the 1st quarter worth approximately $3,480,000. Bank of Montreal Can purchased a new position in shares of ProShares Ultra Bloomberg Crude Oil during the 2nd quarter worth approximately $1,864,000. Flow Traders U.S. LLC purchased a new position in shares of ProShares Ultra Bloomberg Crude Oil during the 4th quarter worth approximately $1,940,000. Finally, CWM LLC lifted its holdings in ProShares Ultra Bloomberg Crude Oil by 112,064.9% during the 1st quarter. CWM LLC now owns 63,934 shares of the exchange traded fund’s stock worth $1,692,000 after buying an additional 63,877 shares in the last quarter.

About ProShares Ultra Bloomberg Crude Oil

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.