Shares of ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) traded up 10.3% during mid-day trading on Wednesday . The stock traded as high as $17.38 and last traded at $17.22. 6,543,704 shares traded hands during trading, an increase of 32% from the average session volume of 4,955,351 shares. The stock had previously closed at $15.61.

Several hedge funds have recently made changes to their positions in UCO. Virtu Financial LLC raised its position in ProShares Ultra Bloomberg Crude Oil by 157.1% in the third quarter. Virtu Financial LLC now owns 78,851 shares of the exchange traded fund’s stock valued at $2,835,000 after purchasing an additional 48,183 shares during the last quarter. XR Securities LLC raised its position in ProShares Ultra Bloomberg Crude Oil by 91.9% in the third quarter. XR Securities LLC now owns 82,073 shares of the exchange traded fund’s stock valued at $2,951,000 after purchasing an additional 39,299 shares during the last quarter. Finally, Morgan Stanley raised its position in ProShares Ultra Bloomberg Crude Oil by 64.4% in the third quarter. Morgan Stanley now owns 42,387 shares of the exchange traded fund’s stock valued at $1,525,000 after purchasing an additional 16,598 shares during the last quarter.

TRADEMARK VIOLATION WARNING: “ProShares Ultra Bloomberg Crude Oil (UCO) Trading 10.3% Higher” was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://theolympiareport.com/2019/01/11/proshares-ultra-bloomberg-crude-oil-uco-trading-10-3-higher.html.

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.

See Also: Catch-Up Contributions

Receive News & Ratings for ProShares Ultra Bloomberg Crude Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Bloomberg Crude Oil and related companies with MarketBeat.com's FREE daily email newsletter.