JPMorgan Chase & Co. Acquires 4,323 Shares of ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO)

JPMorgan Chase & Co. lifted its holdings in shares of ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) by 50.5% in the third quarter, Holdings Channel.com reports. The fund owned 12,890 shares of the exchange traded fund’s stock after purchasing an additional 4,323 shares during the period. JPMorgan Chase & Co.’s holdings in ProShares Ultra Bloomberg Crude Oil were worth $328,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. X Square Capital LLC bought a new position in ProShares Ultra Bloomberg Crude Oil in the 3rd quarter worth $902,000. Baker Avenue Asset Management LP purchased a new position in shares of ProShares Ultra Bloomberg Crude Oil during the third quarter valued at about $636,000. IHT Wealth Management LLC purchased a new position in shares of ProShares Ultra Bloomberg Crude Oil during the third quarter valued at about $376,000. Finally, Farther Finance Advisors LLC bought a new position in ProShares Ultra Bloomberg Crude Oil in the third quarter worth about $25,000.

ProShares Ultra Bloomberg Crude Oil Stock Up 0.2 %

ProShares Ultra Bloomberg Crude Oil stock opened at $28.01 on Friday. ProShares Ultra Bloomberg Crude Oil has a fifty-two week low of $22.88 and a fifty-two week high of $36.51. The stock’s 50 day simple moving average is $27.45 and its two-hundred day simple moving average is $27.70.

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.