ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Shares Down 6.2%

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCOGet Rating) traded down 6.2% on Tuesday . The stock traded as low as $167.29 and last traded at $167.29. 4,930 shares traded hands during trading, a decline of 99% from the average session volume of 960,308 shares. The stock had previously closed at $178.33.

The firm’s 50-day simple moving average is $150.02 and its two-hundred day simple moving average is $113.30.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Advisor Group Holdings Inc. grew its holdings in shares of ProShares Ultra Bloomberg Crude Oil by 86.2% during the 4th quarter. Advisor Group Holdings Inc. now owns 417 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 193 shares in the last quarter. Means Investment CO. Inc. grew its holdings in shares of ProShares Ultra Bloomberg Crude Oil by 17.8% during the 4th quarter. Means Investment CO. Inc. now owns 3,837 shares of the exchange traded fund’s stock valued at $333,000 after acquiring an additional 580 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of ProShares Ultra Bloomberg Crude Oil by 11.9% during the 4th quarter. JPMorgan Chase & Co. now owns 8,315 shares of the exchange traded fund’s stock valued at $722,000 after acquiring an additional 886 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of ProShares Ultra Bloomberg Crude Oil by 1,879.2% during the 2nd quarter. Wells Fargo & Company MN now owns 950 shares of the exchange traded fund’s stock valued at $75,000 after acquiring an additional 902 shares in the last quarter. Finally, US Bancorp DE grew its holdings in shares of ProShares Ultra Bloomberg Crude Oil by 200.0% during the 3rd quarter. US Bancorp DE now owns 1,500 shares of the exchange traded fund’s stock valued at $126,000 after acquiring an additional 1,000 shares in the last quarter.

ProShares Ultra Bloomberg Crude Oil Company Profile (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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