ProShares Ultra Bloomberg Crude Oil Target of Unusually Large Options Trading (NYSEARCA:UCO)

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) saw some unusual options trading activity on Monday. Investors acquired 7,836 call options on the company. This represents an increase of approximately 75% compared to the typical volume of 4,489 call options.

ProShares Ultra Bloomberg Crude Oil Price Performance

UCO stock traded up $0.66 during mid-day trading on Monday, reaching $19.55. The company had a trading volume of 2,353,358 shares, compared to its average volume of 2,403,426. The firm has a 50 day moving average of $20.42 and a 200 day moving average of $22.39. ProShares Ultra Bloomberg Crude Oil has a 12 month low of $17.78 and a 12 month high of $31.64.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Luminist Capital LLC bought a new position in ProShares Ultra Bloomberg Crude Oil in the second quarter worth about $30,000. Corsicana & Co. bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the 3rd quarter valued at about $45,000. Spire Wealth Management grew its position 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 worth $151,000 after buying an additional 900 shares during the last quarter. Connective Capital Management LLC purchased a new position in shares of ProShares Ultra Bloomberg Crude Oil in the 3rd quarter worth approximately $159,000. Finally, JPMorgan Chase & Co. bought a new position in shares of ProShares Ultra Bloomberg Crude Oil during the 3rd quarter worth approximately $191,000.

ProShares Ultra Bloomberg Crude Oil Company Profile

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.