ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Trading 6.1% Higher – Still a Buy?

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO)’s share price rose 6.1% during mid-day trading on Thursday . The company traded as high as $31.45 and last traded at $30.93. Approximately 7,250,240 shares traded hands during mid-day trading, an increase of 63% from the average daily volume of 4,455,638 shares. The stock had previously closed at $29.14.

Key Stories Impacting ProShares Ultra Bloomberg Crude Oil

Here are the key news stories impacting ProShares Ultra Bloomberg Crude Oil this week:

• Positive Sentiment: Middle East hostilities and reports of an Iranian attack on a tanker have pushed U.S. crude to multi‑month highs, tightening near‑term supply expectations and supporting oil prices. U.S. crude oil touches highest level since June 2025 after Iran says it attacked a tanker
• Positive Sentiment: Market commentary and Reuters reporting say the widening Iran conflict and de facto closure of the Strait of Hormuz are lifting risk premia, underpinning Brent and WTI. Oil prices rise as Iran conflict widens
• Positive Sentiment: Multiple market notes highlight intensified Gulf supply risks and technical momentum (targets and Fibonacci levels), which traders say could extend the rally toward higher price bands. Oil’s Gains Continue as Gulf Supply Risks Intensify
• Positive Sentiment: Research and price‑forecast pieces are increasingly bullish (some flagging $80–$100 scenarios); UBS raised Brent price forecasts, supporting a higher oil outlook. UBS raises average Brent price forecasts for first quarter, full year 2026
• Positive Sentiment: Regional export disruptions have pushed Americas heavy crude to multi‑year highs, tightening available global heavy barrels and supporting refined margins that buoy crude values. Americas heavy crude prices hit multi-year highs as Iran conflict disrupts oil markets
• Neutral Sentiment: Background pieces note Iran’s large reserves and the geopolitics that keep oil central to markets — useful context but not an immediate price driver. Iran’s Oil Has Long Been at the Center of Geopolitics
• Neutral Sentiment: Some coverage highlights alternative supply flows (e.g., Venezuela increasing exports) and technical profit‑taking; these can cap rallies but so far haven’t offset tightness concerns. Venezuelan Oil Cargoes Are Surging at an Opportune Time
• Negative Sentiment: U.S. weekly data showed a larger‑than‑expected crude inventory build, a classic headwind for prices that could limit near‑term upside if builds persist. U.S. Crude Oil Stockpiles Post Weekly Increase
• Negative Sentiment: U.S. officials (Treasury) and policy moves to insure tankers and reassure markets could ease shipping risk premia over time, which would be a moderating influence on oil and on leveraged long ETPs like UCO. US Treasury Secretary Bessent says oil market well supplied amid Iran war

ProShares Ultra Bloomberg Crude Oil Stock Performance

The business’s 50-day simple moving average is $22.31 and its 200 day simple moving average is $21.75.

Institutional Trading of ProShares Ultra Bloomberg Crude Oil

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LLC acquired a new position in ProShares Ultra Bloomberg Crude Oil during the fourth quarter worth $859,000. Quadrature Capital Ltd acquired a new position in shares of ProShares Ultra Bloomberg Crude Oil during the 4th quarter worth about $334,000. Headlands Technologies LLC acquired a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the fourth quarter valued at about $397,000. Simplex Trading LLC bought a new stake in ProShares Ultra Bloomberg Crude Oil during the fourth quarter worth about $201,000. Finally, Baker Avenue Asset Management LP boosted its position in ProShares Ultra Bloomberg Crude Oil by 52.8% during the fourth quarter. Baker Avenue Asset Management LP now owns 115,750 shares of the exchange traded fund’s stock valued at $2,236,000 after purchasing an additional 40,000 shares during 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.