Stock Traders Purchase High Volume of Call Options on ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO)

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) was the recipient of unusually large options trading on Tuesday. Stock traders purchased 7,159 call options on the company. This is an increase of 42% compared to the average volume of 5,044 call options.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Crude Oil

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quadrature Capital Ltd acquired a new stake in ProShares Ultra Bloomberg Crude Oil during the 1st quarter worth about $396,000. Texas Capital Bank Wealth Management Services Inc acquired a new stake in ProShares Ultra Bloomberg Crude Oil during the 1st quarter worth about $1,650,000. Headlands Technologies LLC acquired a new stake in ProShares Ultra Bloomberg Crude Oil during the 1st quarter worth about $317,000. Private Advisor Group LLC boosted its position in ProShares Ultra Bloomberg Crude Oil by 0.5% during the 1st quarter. Private Advisor Group LLC now owns 67,400 shares of the exchange traded fund’s stock worth $2,224,000 after acquiring an additional 350 shares during the period. Finally, Brookstone Capital Management acquired a new stake in ProShares Ultra Bloomberg Crude Oil during the 1st quarter worth about $218,000.

ProShares Ultra Bloomberg Crude Oil Price Performance

NYSEARCA:UCO traded up $1.49 during mid-day trading on Tuesday, reaching $26.91. 4,842,109 shares of the stock were exchanged, compared to its average volume of 2,121,505. ProShares Ultra Bloomberg Crude Oil has a 1-year low of $22.88 and a 1-year high of $36.51. The business has a fifty day moving average price of $27.97 and a 200 day moving average price of $31.01.

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.