ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Short Interest Update

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 915,500 shares, a decrease of 21.1% from the August 15th total of 1,160,000 shares. Approximately 5.7% of the shares of the company are sold short. Based on an average daily volume of 3,273,800 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 3,273,800 shares, the short-interest ratio is presently 0.3 days. Approximately 5.7% of the shares of the company are sold short.

ProShares Ultra Bloomberg Crude Oil Stock Performance

Shares of ProShares Ultra Bloomberg Crude Oil stock opened at $22.45 on Friday. The company’s 50 day moving average is $23.43 and its 200 day moving average is $23.00. ProShares Ultra Bloomberg Crude Oil has a twelve month low of $17.78 and a twelve month high of $31.64.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jump Financial LLC lifted its position in ProShares Ultra Bloomberg Crude Oil by 13.2% during the first quarter. Jump Financial LLC now owns 34,346 shares of the exchange traded fund’s stock valued at $929,000 after purchasing an additional 4,001 shares during the period. Flow Traders U.S. LLC increased its stake in shares of ProShares Ultra Bloomberg Crude Oil by 202.7% in the 2nd quarter. Flow Traders U.S. LLC now owns 32,267 shares of the exchange traded fund’s stock worth $723,000 after purchasing an additional 21,609 shares in the last quarter. Quantum Financial Advisors LLC purchased a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the 2nd quarter worth $480,000. Two Sigma Securities LLC increased its stake in shares of ProShares Ultra Bloomberg Crude Oil by 25.8% in the 2nd 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. Finally, XTX Topco Ltd purchased a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the 1st quarter worth $345,000.

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.