ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) gapped up before the market opened on Friday . The stock had previously closed at $19.50, but opened at $19.93. ProShares Ultra Bloomberg Crude Oil shares last traded at $20.41, with a volume of 2272234 shares.

Institutional investors and hedge funds have recently made changes to their positions in the company. Morgan Stanley lifted its stake in shares of 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 valued at $1,525,000 after acquiring an additional 16,598 shares during the last quarter. XR Securities LLC increased its holdings in ProShares Ultra Bloomberg Crude Oil by 281.2% in the first quarter. XR Securities LLC now owns 71,547 shares of the exchange traded fund’s stock valued at $1,540,000 after purchasing an additional 52,778 shares during the period. Lido Advisors LLC acquired a new stake in ProShares Ultra Bloomberg Crude Oil in the fourth quarter valued at $704,000. Jump Trading LLC acquired a new stake in ProShares Ultra Bloomberg Crude Oil in the fourth quarter valued at $676,000. Finally, BKS Advisors LLC acquired a new stake in ProShares Ultra Bloomberg Crude Oil in the fourth quarter valued at $266,000.

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ProShares Ultra Bloomberg Crude Oil Company Profile (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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