ProShares Ultra DJ-UBS Crude Oil (UCO) Sees Significant Decrease in Short Interest

ProShares Ultra DJ-UBS Crude Oil (NYSEARCA:UCO) was the recipient of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 3,680,303 shares, a drop of 72.8% from the January 12th total of 13,535,279 shares. Based on an average daily volume of 2,626,014 shares, the short-interest ratio is currently 1.4 days.

ProShares Ultra DJ-UBS Crude Oil (UCO) traded up $1.21 during trading hours on Wednesday, hitting $23.86. 4,050,329 shares of the company’s stock traded hands, compared to its average volume of 3,101,394. ProShares Ultra DJ-UBS Crude Oil has a fifty-two week low of $12.36 and a fifty-two week high of $28.52.

A hedge fund recently raised its stake in ProShares Ultra DJ-UBS Crude Oil stock. Virtu Financial LLC increased its position in shares of ProShares Ultra DJ-UBS Crude Oil (NYSEARCA:UCO) by 13.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,596 shares of the exchange traded fund’s stock after purchasing an additional 14,345 shares during the period. Virtu Financial LLC owned 0.34% of ProShares Ultra DJ-UBS Crude Oil worth $1,200,000 at the end of the most recent quarter.

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About ProShares Ultra DJ-UBS 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.

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