ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Shares Gap Up to $13.67

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $13.34, but opened at $13.67. ProShares Ultra Bloomberg Crude Oil shares last traded at $14.34, with a volume of 209,700 shares.

The firm’s fifty day simple moving average is $17.65 and its 200-day simple moving average is $17.59.

Institutional investors have recently modified their holdings of the business. XR Securities LLC purchased a new position in shares of ProShares Ultra Bloomberg Crude Oil during the fourth quarter valued at approximately $1,107,000. SG Americas Securities LLC purchased a new position in shares of ProShares Ultra Bloomberg Crude Oil during the third quarter valued at approximately $352,000. Finally, Virtu Financial LLC purchased a new position in shares of ProShares Ultra Bloomberg Crude Oil during the fourth quarter valued at approximately $1,824,000.

ProShares Ultra Bloomberg Crude Oil Company Profile (NYSEARCA:UCO)

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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