ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Reaches New 1-Year High – Should You Buy?

Posted by George Bondi on Sep 13th, 2026

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $52.95 and last traded at $52.23, with a volume of 4318197 shares. The stock had previously closed at $50.22.

ProShares Ultra Bloomberg Crude Oil News Summary

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

Positive Sentiment: Supply-disruption risks remain the primary bullish catalyst. Attacks and territorial developments involving Iran-backed Houthi militants threaten shipping through the Red Sea and the Bab al-Mandeb Strait, while reduced traffic through the Strait of Hormuz raises concerns about Middle Eastern crude exports. Oil Rises on Escalating Supply-Disruption Concerns
Positive Sentiment: The International Energy Agency said the global 2026 oil supply gap could deepen because normal Gulf flows may not return until 2027. Chevron’s CEO also warned that depleted crude inventories and buffers could allow prices to rise further in coming months. Global 2026 Oil Supply Gap to Deepen
Positive Sentiment: OPEC output fell in August amid disruptions to Saudi exports and reduced Iranian shipments, while Chinese independent refiners are competing for replacement crude from other regions. These developments support physical crude prices. OPEC Oil Output Falls in August
Neutral Sentiment: The White House is considering using the Defense Production Act to expand U.S. refining capacity. Although the effort could improve longer-term fuel supply, it does not immediately resolve disruptions to global crude flows. White House Weighs Defense Production Act for Refining
Negative Sentiment: WTI and Brent pulled back after their sharp rally as Gulf countries reportedly prepared to discuss the Strait of Hormuz with Iran. A diplomatic breakthrough could reduce the immediate supply-risk premium and weigh on UCO. Oil Dives as Gulf Countries Prepare to Talk With Iran
Negative Sentiment: OPEC lowered its 2026 global oil-demand growth forecast for a fifth consecutive time, to 380,000 barrels per day. U.S. crude inventories also declined less than expected while production reached a record, tempering the bullish supply narrative. OPEC Further Lowers 2026 Oil-Demand Growth Forecast

ProShares Ultra Bloomberg Crude Oil Stock Performance

The company’s 50 day simple moving average is $41.87 and its two-hundred day simple moving average is $40.76.

Institutional Trading of ProShares Ultra Bloomberg Crude Oil

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in shares of ProShares Ultra Bloomberg Crude Oil by 48.8% during the first quarter. Royal Bank of Canada now owns 1,000 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 328 shares during the period. Integrated Wealth Concepts LLC acquired a new position in ProShares Ultra Bloomberg Crude Oil during the 2nd quarter worth about $38,000. Connective Capital Management LLC purchased a new position in ProShares Ultra Bloomberg Crude Oil during the 3rd quarter valued at about $159,000. WT Wealth Management purchased a new position in ProShares Ultra Bloomberg Crude Oil during the 1st quarter valued at about $289,000. Finally, JPMorgan Chase & Co. acquired a new position in ProShares Ultra Bloomberg Crude Oil in the 3rd quarter valued at about $191,000.

ProShares Ultra Bloomberg Crude Oil Company Profile

(Get Free Report)

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.