ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Short Interest Update

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) was the recipient of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 855,551 shares, a drop of 35.3% from the January 29th total of 1,322,526 shares. Based on an average daily volume of 3,595,654 shares, the days-to-cover ratio is currently 0.2 days. Approximately 4.7% of the shares of the stock are sold short. Approximately 4.7% of the shares of the stock are sold short. Based on an average daily volume of 3,595,654 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Crude Oil

A number of hedge funds have recently modified their holdings of the company. Spire Wealth Management raised its stake in ProShares Ultra Bloomberg Crude Oil by 15.5% during the third quarter. Spire Wealth Management now owns 6,702 shares of the exchange traded fund’s stock worth $151,000 after purchasing an additional 900 shares during the period. Luminist Capital LLC acquired a new stake in shares of ProShares Ultra Bloomberg Crude Oil during the 2nd quarter worth approximately $30,000. Corsicana & Co. acquired a new stake in shares of ProShares Ultra Bloomberg Crude Oil during the 3rd quarter worth approximately $45,000. Two Sigma Securities LLC raised its position in shares of ProShares Ultra Bloomberg Crude Oil by 25.8% during the 2nd quarter. Two Sigma Securities LLC now owns 13,583 shares of the exchange traded fund’s stock valued at $304,000 after buying an additional 2,785 shares during the period. Finally, Connective Capital Management LLC purchased a new stake in shares of ProShares Ultra Bloomberg Crude Oil during the 3rd quarter valued at approximately $159,000.

ProShares Ultra Bloomberg Crude Oil Stock Performance

ProShares Ultra Bloomberg Crude Oil stock traded up $1.08 during trading on Friday, reaching $25.54. 5,162,634 shares of the company were exchanged, compared to its average volume of 3,547,402. The stock’s 50 day simple moving average is $21.79 and its two-hundred day simple moving average is $21.62. ProShares Ultra Bloomberg Crude Oil has a 52-week low of $17.78 and a 52-week high of $28.42.

More ProShares Ultra Bloomberg Crude Oil News

Here are the key news stories impacting ProShares Ultra Bloomberg Crude Oil this week:

• Positive Sentiment: Heightened U.S.-Iran tensions are lifting oil prices as traders fear potential strikes, which supports leveraged long products like UCO. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies Amid Middle East Tensions
• Positive Sentiment: Analysts raised oil price forecasts citing geopolitical supply risks, which bolsters the fundamental case for higher crude and benefits UCO’s 2x exposure. Analysts hike oil outlook on geopolitical risks, oversupply concerns limit upside
• Positive Sentiment: Technical and market commentary shows buyers continuing to position for a larger move higher as crude tests resistance zones—supporting short-term momentum for leveraged long ETFs. Crude Oil Weekly Price Analysis – Oil Coiling for Bigger Move?
• Neutral Sentiment: Technical setups show oil testing resistance near the mid-$60s; a breakout would help UCO, but failure to hold gains could reverse quickly given leveraged exposure. Oil Tests the Resistance in the 65 Area Before the Breakout of the 67 Zone
• Positive Sentiment: UCO-specific market structure: short interest fell sharply in February (≈35% drop), reducing one source of downward pressure and potentially exaggerating rallies. (Internal short-interest release)
• Negative Sentiment: Supply moves in the Gulf worry bulls: Abu Dhabi’s ADNOC plans to export more Murban crude in April, which adds to Middle East supply and could limit upside for oil and UCO. ADNOC offers more oil to partners in countdown to OPEC+ meet, sources and report say
• Negative Sentiment: U.S.-Iran diplomatic progress and large U.S. inventory builds have previously triggered sharp pullbacks in oil; ongoing talks or concrete inventory data could quickly push UCO lower. Oil Falls on Expectations U.S.-Iran Talks to Continue Next Week
• Negative Sentiment: Commentary warns recent oil gains are driven by hedging/speculation around Iran rather than strong fundamentals (weak China/US demand and potential OPEC+ supply increases), a headwind for sustained UCO performance. UCO: Oil’s Rise Only Down To Hedging, Unfavorable Supply/Demand

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.