ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Sets New 52-Week High – Here’s What Happened

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO)’s share price hit a new 52-week high during trading on Monday. The company traded as high as $64.25 and last traded at $64.10, with a volume of 1,064,564 shares. The stock had previously closed at $63.59.

ProShares Ultra Bloomberg Crude Oil Trading Up 1.0%

The company has a 50-day moving average price of $49.96 and a two-hundred day moving average price of $44.31.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in shares of ProShares Ultra Bloomberg Crude Oil by 48.8% during the 1st quarter. Royal Bank of Canada now owns 1,000 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 328 shares during the period. Integrated Wealth Concepts LLC bought a new stake in ProShares Ultra Bloomberg Crude Oil in the second quarter worth about $38,000. WT Wealth Management bought a new stake in ProShares Ultra Bloomberg Crude Oil in the first quarter worth about $289,000. Finally, Corient Private Wealth LLC bought a new stake in ProShares Ultra Bloomberg Crude Oil in the fourth quarter worth about $859,000.

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.