ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Trading Up 4.5% – Still a Buy?

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO)’s share price traded up 4.5% on Friday . The stock traded as high as $43.70 and last traded at $43.67. 8,426,153 shares were traded during trading, an increase of 1% from the average session volume of 8,316,720 shares. The stock had previously closed at $41.80.

Trending Headlines about ProShares Ultra Bloomberg Crude Oil

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

• Positive Sentiment: Geopolitical risk from the U.S.–Israeli war with Iran is keeping a sustained premium on oil prices and analysts warn prices could remain elevated even if the conflict de‑escalates, supporting leveraged long crude products like UCO. Here’s Why Oil Prices May Remain High Even If the Iran War Ends
• Positive Sentiment: UBS raised near‑term oil forecasts after the Middle East conflict escalated, lifting Brent 2026/2027 averages materially — a direct bullish signal for a 2x crude ETF like UCO. UBS raises oil price forecasts at Middle East conflict escalates
• Positive Sentiment: Iran says it will not negotiate to reopen the Strait of Hormuz until military operations stop, keeping a premium on shipping risk and supporting higher oil prices. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies As Iran Rejects Negotiations On The Strait Of Hormuz
• Positive Sentiment: Prediction market traders put a high probability on crude staying above $100 by month‑end, signaling investor expectations for continued tightness that favors UCO’s leveraged long exposure. Traders give 65% odds of oil holding above $100 a barrel to end of March
• Positive Sentiment: Recent Iranian strikes on regional energy facilities pushed oil higher on fresh supply‑disruption fears, a near‑term tailwind for UCO. Oil rises 3% after Iran strikes Middle East energy facilities
• Neutral Sentiment: Mexico’s Pemex says it’s taking a wait‑and‑see approach on exports as prices climb — could limit immediate export changes but is not a decisive supply shock. Mexico’s Pemex taking ‘wait-and-see’ approach on exports as oil prices climb, minister says
• Neutral Sentiment: Baker Hughes reported a small pullback in U.S. rig counts this week — modest for near‑term supply but relevant for longer‑term production trends. US drillers cut oil and gas rigs for first time in three weeks, says Baker Hughes
• Neutral Sentiment: Regional buyers are shifting grades (e.g., India buying West African barrels) and countries are considering stockpiling or policy measures — mixed logistics and substitution dynamics that leave near‑term price direction dependent on geopolitical developments. India HPCL buys 2 million barrels of West African oil for early May, sources say
• Negative Sentiment: U.S. officials have discussed freeing stranded Iranian crude and lifting sanctions on oil at sea, which would quickly add supply to markets and could cap upside for UCO. Removing sanctions on Iran oil will bring supplies into ports, US energy secretary says
• Negative Sentiment: Diplomatic and calming remarks from leaders and talk of policy actions to ease markets have prompted intermittent pullbacks in crude; any durable easing in supply‑disruption risk would hurt leveraged long positions. Oil Pulls Back from Highs as Leaders Seek to Calm Markets
• Negative Sentiment: International agencies and policymakers are urging demand measures (stock releases, conservation tips) and some headlines show easing of tightness — these developments are downside risk for a leveraged crude ETF if they persist. Work From Home, Carpool and Fly Less to Combat Soaring Oil Prices, IEA Says

ProShares Ultra Bloomberg Crude Oil Stock Up 2.8%

The company’s 50 day simple moving average is $26.74 and its 200 day simple moving average is $22.98.

Institutional Trading of ProShares Ultra Bloomberg Crude Oil

Large investors have recently made changes to their positions in the company. Luminist Capital LLC acquired a new stake in ProShares Ultra Bloomberg Crude Oil during the 2nd quarter worth $30,000. Corsicana & Co. acquired a new position in ProShares Ultra Bloomberg Crude Oil in the third quarter valued at about $45,000. Spire Wealth Management grew its stake in ProShares Ultra Bloomberg Crude Oil by 15.5% in the third quarter. Spire Wealth Management now owns 6,702 shares of the exchange traded fund’s stock valued at $151,000 after acquiring an additional 900 shares during the period. Connective Capital Management LLC bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the third quarter worth about $159,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of ProShares Ultra Bloomberg Crude Oil during the third quarter worth about $191,000.

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.