SG Americas Securities LLC Increases Holdings in ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO)

SG Americas Securities LLC raised its stake in ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) by 27.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,240 shares of the exchange traded fund’s stock after purchasing an additional 1,114 shares during the quarter. SG Americas Securities LLC’s holdings in ProShares Ultra Bloomberg Crude Oil were worth $144,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of UCO. Farther Finance Advisors LLC purchased a new stake in ProShares Ultra Bloomberg Crude Oil during the 3rd quarter worth $25,000. JPMorgan Chase & Co. grew its stake in shares of ProShares Ultra Bloomberg Crude Oil by 50.5% during the third quarter. JPMorgan Chase & Co. now owns 12,890 shares of the exchange traded fund’s stock valued at $328,000 after acquiring an additional 4,323 shares in the last quarter. IHT Wealth Management LLC purchased a new stake in shares of ProShares Ultra Bloomberg Crude Oil during the third quarter worth about $376,000. Baker Avenue Asset Management LP purchased a new stake in shares of ProShares Ultra Bloomberg Crude Oil during the third quarter worth about $636,000. Finally, X Square Capital LLC acquired a new position in shares of ProShares Ultra Bloomberg Crude Oil in the third quarter worth about $902,000.

ProShares Ultra Bloomberg Crude Oil Stock Performance

Shares of NYSEARCA UCO opened at $28.30 on Tuesday. ProShares Ultra Bloomberg Crude Oil has a fifty-two week low of $22.88 and a fifty-two week high of $36.51. The business has a 50 day moving average price of $27.73 and a two-hundred day moving average price of $27.43.

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.