ProShares Ultra Bloomberg Crude Oil (UCO) Short Interest Update

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 1,247,760 shares, a growth of 65.6% from the October 31st total of 753,632 shares. Based on an average daily volume of 4,185,712 shares, the short-interest ratio is currently 0.3 days.

A number of hedge funds have recently bought and sold shares of the stock. Morgan Stanley raised its position in ProShares Ultra Bloomberg Crude Oil by 64.4% in the 3rd quarter. Morgan Stanley now owns 42,387 shares of the exchange traded fund’s stock worth $1,525,000 after purchasing an additional 16,598 shares during the last quarter. XR Securities LLC raised its position in shares of ProShares Ultra Bloomberg Crude Oil by 91.9% during the 3rd quarter. XR Securities LLC now owns 82,073 shares of the exchange traded fund’s stock valued at $2,951,000 after acquiring an additional 39,299 shares during the last quarter. Finally, Virtu Financial LLC raised its position in shares of ProShares Ultra Bloomberg Crude Oil by 157.1% during the 3rd quarter. Virtu Financial LLC now owns 78,851 shares of the exchange traded fund’s stock valued at $2,835,000 after acquiring an additional 48,183 shares during the last quarter.

UCO stock opened at $18.27 on Thursday. ProShares Ultra Bloomberg Crude Oil has a fifty-two week low of $16.10 and a fifty-two week high of $39.36.

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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.

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