ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Shares Gap Down to $17.03

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $17.02, but opened at $17.03. ProShares Ultra Bloomberg Crude Oil shares last traded at $16.50, with a volume of 133,282 shares changing hands.

The company has a 50 day moving average price of $18.32 and a 200-day moving average price of $19.99.

Institutional investors have recently added to or reduced their stakes in the company. Aveo Capital Partners LLC acquired a new position in shares of ProShares Ultra Bloomberg Crude Oil in the first quarter valued at approximately $214,000. U S Global Investors Inc. acquired a new position in shares of ProShares Ultra Bloomberg Crude Oil in the first quarter valued at approximately $75,000. Sheaff Brock Investment Advisors LLC acquired a new position in shares of ProShares Ultra Bloomberg Crude Oil in the first quarter valued at approximately $409,000. Meridian Wealth Management LLC acquired a new position in shares of ProShares Ultra Bloomberg Crude Oil in the first quarter valued at approximately $29,000. Finally, Lido Advisors LLC increased its stake in shares of ProShares Ultra Bloomberg Crude Oil by 446.4% in the second quarter. Lido Advisors LLC now owns 289,612 shares of the exchange traded fund’s stock valued at $5,595,000 after buying an additional 236,612 shares during the period.

About ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO)

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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