Short Interest in ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Decreases By 52.4%

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 2,303,759 shares, a decrease of 52.4% from the March 15th total of 4,835,259 shares. Currently, 16.4% of the shares of the company are short sold. Based on an average daily trading volume, of 13,507,519 shares, the short-interest ratio is presently 0.2 days.

Key Headlines Impacting ProShares Ultra Bloomberg Crude Oil

Here are the key news stories impacting ProShares Ultra Bloomberg Crude Oil this week:

• Positive Sentiment: Geopolitical shock — U.S.-Iran talks stalled and a U.S. naval blockade threat have pushed benchmark Brent/WTI sharply higher, creating a direct tailwind for UCO, which is a leveraged long on crude. Oil bounces back above $100 after US, Iran talks end in stalemate
• Positive Sentiment: Supply squeeze — OPEC members have sharply cut exports and rerouted flows after disruptions around the Strait of Hormuz, tightening physical supply and supporting higher forward crude prices. OPEC Crude Output Drops as Iran War Chokes Exports
• Positive Sentiment: OPEC production declines confirmed — Data show production falls across key Gulf producers (Saudi, Iraq, UAE, Kuwait), which supports higher oil prices and benefits UCO’s leveraged exposure. Middle East oil production plunges due to Iran war, OPEC data shows
• Positive Sentiment: Positioning squeeze — Reported short interest in UCO dropped materially (~52%), which can reduce downward pressure from shorts and amplify upward moves as prices rise. Short Interest in ProShares Ultra Bloomberg Crude Oil Drops By 52.4%
• Neutral Sentiment: Market sentiment mixed — Despite the oil spike, equity markets showed relative calm, suggesting investors may view the supply shock as potentially temporary; that could limit longer-term upside for UCO. From panic to pricing in: Are markets past ‘peak fear and sell-off’ despite oil price surge?
• Neutral Sentiment: Possible de-escalation chatter — Comments that Iran may seek a deal briefly pulled oil back from session highs, introducing volatility and a short-term cap on gains for UCO. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats From Session Highs As Trump Says Iran Wants A Deal
• Negative Sentiment: Demand risks — OPEC trimmed its Q2 global oil demand forecast citing the Iran war’s economic impact, which could weigh on prices if the growth story deteriorates. That is a headwind for leveraged long exposure like UCO. OPEC lowers second-quarter global oil demand forecast on Iran war
• Negative Sentiment: Fear premium may fade — Analysis suggests crude futures could face pressure if the geopolitical risk premium calms, which would reduce momentum for UCO after violent moves. Oil News: Crude Oil Futures Could Face Pressure as Fear Premium Fades

Hedge Funds Weigh In On ProShares Ultra Bloomberg Crude Oil

Large investors have recently made changes to their positions in the company. Corsicana & Co. bought a new position in shares of ProShares Ultra Bloomberg Crude Oil during the third quarter worth approximately $45,000. Spire Wealth Management boosted its holdings in shares of ProShares Ultra Bloomberg Crude Oil by 15.5% in the 3rd quarter. Spire Wealth Management now owns 6,702 shares of the exchange traded fund’s stock valued at $151,000 after purchasing an additional 900 shares in the last quarter. Connective Capital Management LLC acquired a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the 3rd quarter valued at $159,000. JPMorgan Chase & Co. acquired a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the 3rd quarter valued at $191,000. Finally, Simplex Trading LLC acquired a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the 4th quarter valued at $201,000.

ProShares Ultra Bloomberg Crude Oil Price Performance

NYSEARCA:UCO traded up $2.06 on Monday, hitting $42.12. The company’s stock had a trading volume of 7,618,545 shares, compared to its average volume of 9,082,029. The stock has a fifty day moving average of $32.30 and a two-hundred day moving average of $24.78. ProShares Ultra Bloomberg Crude Oil has a one year low of $18.12 and a one year high of $44.25.

About ProShares Ultra Bloomberg Crude Oil

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.