ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Sees Unusually-High Trading Volume

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) shares saw an uptick in trading volume on Monday . 12,820,766 shares changed hands during mid-day trading, an increase of 261% from the previous session’s volume of 3,549,167 shares.The stock last traded at $20.93 and had previously closed at $16.91.

The stock has a 50 day moving average price of $17.29 and a two-hundred day moving average price of $19.78.

A number of institutional investors have recently bought and sold shares of UCO. Deutsche Bank AG bought a new position in shares of ProShares Ultra Bloomberg Crude Oil during the 4th quarter valued at about $178,000. CIBC Private Wealth Group LLC acquired a new stake in ProShares Ultra Bloomberg Crude Oil in the 1st quarter valued at approximately $290,000. U S Global Investors Inc. acquired a new stake in ProShares Ultra Bloomberg Crude Oil in the 1st quarter valued at approximately $75,000. Meridian Wealth Management LLC acquired a new stake in ProShares Ultra Bloomberg Crude Oil in the 1st quarter valued at approximately $29,000. Finally, Financial Advocates Investment Management acquired a new stake in ProShares Ultra Bloomberg Crude Oil in the 2nd quarter valued at approximately $221,000.

About ProShares Ultra Bloomberg Crude Oil (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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