ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO)’s share price gapped down prior to trading on Monday . The stock had previously closed at $17.88, but opened at $17.18. ProShares Ultra Bloomberg Crude Oil shares last traded at $16.96, with a volume of 3345531 shares traded.

Several institutional investors have recently added to or reduced their stakes in UCO. Morgan Stanley lifted its position in ProShares Ultra Bloomberg Crude Oil by 64.4% in the third quarter. Morgan Stanley now owns 42,387 shares of the exchange traded fund’s stock valued at $1,525,000 after acquiring an additional 16,598 shares during the last quarter. BKS Advisors LLC purchased a new stake in ProShares Ultra Bloomberg Crude Oil in the fourth quarter valued at $266,000. Finally, Virtu Financial LLC lifted its position in ProShares Ultra Bloomberg Crude Oil by 157.1% in the third quarter. Virtu Financial LLC now owns 78,851 shares of the exchange traded fund’s stock valued at $2,835,000 after acquiring an additional 48,183 shares during the last quarter.

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ProShares Ultra Bloomberg Crude Oil Company Profile (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.

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