Corient Private Wealth LLC purchased a new position in shares of ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO – Free Report) during the fourth quarter, HoldingsChannel reports. The firm purchased 44,436 shares of the exchange traded fund’s stock, valued at approximately $859,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of UCO. Baker Avenue Asset Management LP lifted its position in shares of ProShares Ultra Bloomberg Crude Oil by 52.8% in 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 buying an additional 40,000 shares during the last quarter. Headlands Technologies LLC bought a new stake in ProShares Ultra Bloomberg Crude Oil in the 4th quarter valued at $397,000. Quadrature Capital Ltd bought a new stake in ProShares Ultra Bloomberg Crude Oil in the 4th quarter valued at $334,000. Spire Wealth Management lifted its holdings in ProShares Ultra Bloomberg Crude Oil by 180.5% during the 4th quarter. Spire Wealth Management now owns 18,802 shares of the exchange traded fund’s stock valued at $363,000 after purchasing an additional 12,100 shares during the last quarter. Finally, Simplex Trading LLC acquired a new stake in ProShares Ultra Bloomberg Crude Oil during the 4th quarter valued at $201,000.
Trending Headlines about ProShares Ultra Bloomberg Crude Oil
Here are the key news stories impacting ProShares Ultra Bloomberg Crude Oil this week:
- Positive Sentiment: Crude oil is testing a long-term support zone, and analysts say renewed buying there could help resume a bullish trend. Crude Oil Price Forecast: Key Support Test May Revive Bull Trend
- Positive Sentiment: U.S. crude inventories fell by 3.8 million barrels, keeping stockpiles below seasonal norms and supporting the case for tighter supply. U.S. Crude Oil Inventories Extend Decline
- Neutral Sentiment: Some market commentary says oil is rebounding from multi-month lows, helped by a weaker U.S. dollar and resilient demand, which could stabilize prices if follow-through buying continues. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds From Multi-Month Lows
- Neutral Sentiment: Broader H2 2026 commentary suggests crude may be nearing stabilization as driving season begins, but the outlook remains noisy and uncertain. Crude Oil H2 2026 – Crude Oil Eyes Stabilization as Driving Season Begins
- Negative Sentiment: Oil fell as concerns over Middle East supply disruptions continued to ease, reducing the geopolitical risk premium that had supported prices. Oil Falls as Supply-Disruption Concerns Continue to Ease
- Negative Sentiment: Reports that Russia’s western oil exports hit a record in June, with more barrels likely in July, add to supply pressure. Russia’s western oil exports hit record in June due to refinery outages, sources say
- Negative Sentiment: Oil also declined after U.S.-Iran talks showed progress, easing fears of disruption to the Strait of Hormuz and increasing expectations for additional supply. Oil falls after US, Iran talks conclude in Doha
ProShares Ultra Bloomberg Crude Oil Stock Up 1.4%
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.
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Want to see what other hedge funds are holding UCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO – Free Report).
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