ProShares Ultra Bloomberg Crude Oil Sees Unusually High Options Volume (NYSEARCA:UCO)

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) was the target of some unusual options trading on Monday. Investors bought 14,499 put options on the stock. This represents an increase of 45% compared to the average volume of 9,996 put options.

ProShares Ultra Bloomberg Crude Oil News Roundup

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

• Positive Sentiment: WTI found technical support near its 50-day exponential moving average as the pause in strikes reduced immediate volatility. A rebound could benefit UCO if supply concerns return. Crude Oil Price Analysis – WTI Bounces Off 50-Day EMA as Strikes Pause
• Neutral Sentiment: Markets are watching the upcoming Aug. 2 OPEC+ meeting, along with Middle East tensions, LNG demand and tanker traffic through the Strait of Hormuz. These factors could determine whether crude stabilizes or resumes its decline. Natural Gas and Oil Forecast: OPEC+ Meeting Looms; Can WTI Hold Above $83?
• Negative Sentiment: Oil prices dropped more than 5%–6% after the U.S.-Iran pause in fighting raised hopes for a diplomatic resolution, reduced fears of supply disruptions and potentially allowed shipping through the Strait of Hormuz to resume. Brent crude moved back below $90 per barrel. Oil slips more than 5% after US pauses strikes on Iran
• Negative Sentiment: Traders purchased 14,499 UCO put options, 45% above the average volume. The unusual bearish options activity signals increased demand for downside protection or speculation that UCO and crude oil could weaken further.
• Negative Sentiment: Broader concerns about easing Middle East supply disruptions continued to pressure oil futures, although OPEC+ decisions and renewed geopolitical escalation remain potential upside risks for crude. Oil Falls Amid Easing Supply-Disruption Concerns

ProShares Ultra Bloomberg Crude Oil Stock Down 9.4%

NYSEARCA UCO traded down $4.12 on Monday, reaching $39.81. The company had a trading volume of 3,550,423 shares, compared to its average volume of 6,484,084. ProShares Ultra Bloomberg Crude Oil has a 1 year low of $18.12 and a 1 year high of $52.94. The firm has a 50-day moving average of $40.65 and a 200-day moving average of $35.70.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Two Sigma Securities LLC increased its stake in ProShares Ultra Bloomberg Crude Oil by 25.8% during the 2nd quarter. Two Sigma Securities LLC now owns 13,583 shares of the exchange traded fund’s stock worth $304,000 after buying an additional 2,785 shares during the period. JPMorgan Chase & Co. acquired a new stake in ProShares Ultra Bloomberg Crude Oil in the third quarter valued at $191,000. Connective Capital Management LLC acquired a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the 3rd quarter valued at about $159,000. Spire Wealth Management lifted its holdings in ProShares Ultra Bloomberg Crude Oil by 180.5% during the 4th quarter. Spire Wealth Management now owns 18,802 shares of the exchange traded fund’s stock worth $363,000 after buying an additional 12,100 shares during the last quarter. Finally, Baker Avenue Asset Management LP lifted its stake in ProShares Ultra Bloomberg Crude Oil by 52.8% during the fourth quarter. Baker Avenue Asset Management LP now owns 115,750 shares of the exchange traded fund’s stock worth $2,236,000 after purchasing an additional 40,000 shares during the last quarter.

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.