ProShares Ultra Bloomberg Crude Oil (UCO) Shares Gap Down to $18.80

Shares of ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) gapped down prior to trading on Friday . The stock had previously closed at $19.78, but opened at $18.80. ProShares Ultra Bloomberg Crude Oil shares last traded at $16.67, with a volume of 7813496 shares trading hands.

A number of hedge funds have recently made changes to their positions in the business. Morgan Stanley lifted its holdings 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 acquiring an additional 16,598 shares during the last quarter. BKS Advisors LLC bought a new position in shares of ProShares Ultra Bloomberg Crude Oil in the fourth quarter worth about $266,000. Jump Trading LLC bought a new position in shares of ProShares Ultra Bloomberg Crude Oil in the fourth quarter worth about $676,000. Lido Advisors LLC bought a new position in shares of ProShares Ultra Bloomberg Crude Oil in the fourth quarter worth about $704,000. Finally, Deutsche Bank AG bought a new position in shares of ProShares Ultra Bloomberg Crude Oil in the fourth quarter worth about $178,000.

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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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