ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $17.59, but opened at $17.96. ProShares Ultra Bloomberg Crude Oil shares last traded at $18.51, with a volume of 3,398,290 shares changing hands.

The business’s 50-day moving average price is $18.50.

A number of institutional investors have recently modified their holdings of UCO. Meridian Wealth Management LLC purchased a new position in ProShares Ultra Bloomberg Crude Oil in the first quarter valued at about $29,000. U S Global Investors Inc. purchased a new position in shares of ProShares Ultra Bloomberg Crude Oil during the 1st quarter worth approximately $75,000. Deutsche Bank AG purchased a new position in shares of ProShares Ultra Bloomberg Crude Oil during the 4th quarter worth approximately $178,000. Aveo Capital Partners LLC purchased a new position in shares of ProShares Ultra Bloomberg Crude Oil during the 1st quarter worth approximately $214,000. Finally, CIBC Private Wealth Group LLC purchased a new position in shares of ProShares Ultra Bloomberg Crude Oil during the 1st quarter worth approximately $290,000.

About ProShares Ultra Bloomberg Crude Oil (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.

Featured Story: Is it Safe to Invest in Commodities?

Receive News & Ratings for ProShares Ultra Bloomberg Crude Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Bloomberg Crude Oil and related companies with MarketBeat.com's FREE daily email newsletter.