JPMorgan Chase & Co. Buys 4,323 Shares of ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO)

JPMorgan Chase & Co. boosted its stake in ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) by 50.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,890 shares of the exchange traded fund’s stock after purchasing an additional 4,323 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.07% of ProShares Ultra Bloomberg Crude Oil worth $328,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in UCO. X Square Capital LLC bought a new position in ProShares Ultra Bloomberg Crude Oil in the 3rd quarter worth about $902,000. Baker Avenue Asset Management LP purchased a new position in shares of ProShares Ultra Bloomberg Crude Oil during the third quarter worth about $636,000. IHT Wealth Management LLC purchased a new position in shares of ProShares Ultra Bloomberg Crude Oil during the third quarter worth about $376,000. Finally, Farther Finance Advisors LLC bought a new position in shares of ProShares Ultra Bloomberg Crude Oil in the third quarter worth approximately $25,000.

ProShares Ultra Bloomberg Crude Oil Stock Up 0.2 %

Shares of UCO stock opened at $28.01 on Friday. The business has a 50-day moving average price of $27.45 and a two-hundred day moving average price of $27.70. ProShares Ultra Bloomberg Crude Oil has a 12-month low of $22.88 and a 12-month high of $36.51.

ProShares Ultra Bloomberg Crude Oil 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.