ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Sees Unusually-High Trading Volume – Still a Buy?

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) saw unusually-high trading volume on Wednesday . Approximately 5,272,654 shares were traded during mid-day trading, a decline of 23% from the previous session’s volume of 6,815,266 shares.The stock last traded at $34.06 and had previously closed at $34.26.

ProShares Ultra Bloomberg Crude Oil News Roundup

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

• Positive Sentiment: Goldman Sachs reports Gulf flows have collapsed (tanker attacks / Hormuz disruption), and shut‑ins across Gulf producers are materially reducing available exports — a major supply shock supportive for crude and therefore for 2x‑long UCO. Gulf oil shock makes Russia’s Ukraine disruption look small, says Goldman
• Positive Sentiment: The U.S. EIA and other forecasters expect Brent to remain elevated (above ~$95/bbl over the next two months) as Middle East conflict constrains supply — a backdrop that should benefit UCO’s leveraged exposure to crude. Brent oil prices to remain above $95/bbl over next 2 months on Mideast conflict, EIA says
• Neutral Sentiment: OPEC held its demand forecast steady (moderate demand growth ahead), which tempers upside from supply shocks but doesn’t eliminate near‑term price risk. OPEC Holds Oil-Demand Forecast Steady While Gulf Disruption Chokes Flows
• Neutral Sentiment: Market reactions are mixed: traders have swung between pricing in severe shortages and bracing for policy interventions, leaving oil futures choppy — that increases intra‑day volatility for UCO. Oil prices hold below $90 as traders shrug off prospect of historic reserve release
• Neutral Sentiment: Importers (e.g., India) are lining up alternative crude/LNG sources, which moderates medium‑term downside risk to oil but is unlikely to immediately offset major Gulf supply losses. India arranging crude, LNG supplies from alternative sources, oil ministry official says
• Negative Sentiment: The IEA has proposed/recommended a historic joint release of up to ~400 million barrels of strategic reserves to calm markets — such a large coordinated supply injection would weigh on crude and hurt UCO’s leveraged long exposure. IEA agrees to release 400 million barrels of oil to address Iran war supply disruption
• Negative Sentiment: Several governments (e.g., Germany) signaled they will release reserves after the IEA request, and the IEA’s formal recommendation is being publicized — these policy actions are explicit downside pressure on spot oil. Germany to release oil reserves after IEA request, minister says IEA to announce oil stock release recommendation at 1300 GMT, may total 400 million barrels, sources say
• Negative Sentiment: UCO has seen a large jump in short interest (about +90% in late Feb), indicating rising bearish positioning that can amplify downside if crude cools — but it also raises the potential for short‑covering volatility. (ProShares short‑interest data summary)
• Negative Sentiment: Major banks and strategists (e.g., Citi) are beginning to buy the dip and argue the worst of the spike may be over — a view that supports price stabilization or pullback and could limit UCO’s upside. Citi bets that the worst of the oil shock is over

ProShares Ultra Bloomberg Crude Oil Price Performance

The company’s 50-day moving average price is $23.37 and its 200-day moving average price is $22.02.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Luminist Capital LLC acquired a new stake in ProShares Ultra Bloomberg Crude Oil in the 2nd quarter worth about $30,000. Flow Traders U.S. LLC lifted its position in shares of ProShares Ultra Bloomberg Crude Oil by 202.7% in the second quarter. Flow Traders U.S. LLC now owns 32,267 shares of the exchange traded fund’s stock valued at $723,000 after acquiring an additional 21,609 shares in the last quarter. Two Sigma Securities LLC increased its position in shares of ProShares Ultra Bloomberg Crude Oil by 25.8% during the second quarter. Two Sigma Securities LLC now owns 13,583 shares of the exchange traded fund’s stock worth $304,000 after purchasing an additional 2,785 shares in the last quarter. Corsicana & Co. purchased a new stake in shares of ProShares Ultra Bloomberg Crude Oil during the third quarter worth approximately $45,000. Finally, Spire Wealth Management raised its stake in ProShares Ultra Bloomberg Crude Oil by 15.5% in the 3rd quarter. Spire Wealth Management now owns 6,702 shares of the exchange traded fund’s stock valued at $151,000 after purchasing an additional 900 shares during the last quarter.

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.