ProShares Ultra Bloomberg Crude Oil (UCO) Shares Gap Up to $20.68

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ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) shares gapped up prior to trading on Tuesday . The stock had previously closed at $19.87, but opened at $20.68. ProShares Ultra Bloomberg Crude Oil shares last traded at $21.44, with a volume of 2621968 shares changing hands.

Institutional investors and hedge funds have recently made changes to their positions in the business. Morgan Stanley lifted its position in shares of 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 worth $1,525,000 after purchasing an additional 16,598 shares in the last quarter. BKS Advisors LLC bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the fourth quarter worth $266,000. Virtu Financial LLC lifted its position in shares of 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 worth $2,835,000 after purchasing an additional 48,183 shares in the last quarter. Jump Trading LLC bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the fourth quarter worth $676,000. Finally, Lido Advisors LLC bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the fourth quarter worth $704,000.

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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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