ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Shares Gap Up to $173.52

Shares of ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCOGet Rating) gapped up prior to trading on Wednesday . The stock had previously closed at $173.52, but opened at $178.48. ProShares Ultra Bloomberg Crude Oil shares last traded at $176.15, with a volume of 2,330 shares traded.

The stock has a 50 day moving average of $162.04 and a 200-day moving average of $123.43.

Shares of ProShares Ultra Bloomberg Crude Oil are scheduled to split on Thursday, May 26th. The 4-1 split was announced on Thursday, May 26th. The newly minted shares will be issued to shareholders after the closing bell on Thursday, May 26th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Credit Suisse AG purchased a new position in shares of ProShares Ultra Bloomberg Crude Oil during the 3rd quarter valued at about $398,000. US Bancorp DE grew its position 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 during the period. Two Sigma Securities LLC grew its position in shares of ProShares Ultra Bloomberg Crude Oil by 164.9% during the 3rd quarter. Two Sigma Securities LLC now owns 13,592 shares of the exchange traded fund’s stock valued at $1,145,000 after acquiring an additional 8,461 shares during the period. Legacy Financial Advisors Inc. acquired a new stake in shares of ProShares Ultra Bloomberg Crude Oil during the 1st quarter valued at about $460,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of ProShares Ultra Bloomberg Crude Oil during the 1st quarter valued at about $31,000.

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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