ProShares Ultra Bloomberg Crude Oil Target of Unusually Large Options Trading (NYSEARCA:UCO)

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) saw some unusual options trading on Monday. Investors bought 7,836 call options on the company. This is an increase of 75% compared to the typical volume of 4,489 call options.

ProShares Ultra Bloomberg Crude Oil Stock Performance

NYSEARCA:UCO traded up $0.66 during trading hours on Monday, reaching $19.55. The stock had a trading volume of 2,353,358 shares, compared to its average volume of 2,403,426. ProShares Ultra Bloomberg Crude Oil has a 52 week low of $17.78 and a 52 week high of $31.64. The company has a 50 day moving average price of $20.42 and a two-hundred day moving average price of $22.39.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Crude Oil

Several large investors have recently bought and sold shares of UCO. Spire Wealth Management lifted its position in ProShares Ultra Bloomberg Crude Oil by 15.5% during the third quarter. Spire Wealth Management now owns 6,702 shares of the exchange traded fund’s stock valued at $151,000 after purchasing an additional 900 shares during the last quarter. Luminist Capital LLC purchased a new stake in shares of ProShares Ultra Bloomberg Crude Oil during the 2nd quarter valued at about $30,000. Corsicana & Co. bought a new position in shares of ProShares Ultra Bloomberg Crude Oil in the 3rd quarter valued at about $45,000. Two Sigma Securities LLC lifted its holdings 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 valued at $304,000 after acquiring an additional 2,785 shares during the last quarter. Finally, Jump Financial LLC grew its position in ProShares Ultra Bloomberg Crude Oil by 13.2% in the first quarter. Jump Financial LLC now owns 34,346 shares of the exchange traded fund’s stock worth $929,000 after acquiring an additional 4,001 shares in the last quarter.

About ProShares Ultra Bloomberg Crude Oil

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.