ProShares Ultra DJ-UBS Crude Oil (UCO) Short Interest Down 72.8% in January

ProShares Ultra DJ-UBS Crude Oil (NYSEARCA:UCO) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 3,680,303 shares, a drop of 72.8% from the January 12th total of 13,535,279 shares. Based on an average daily trading volume, of 2,626,014 shares, the days-to-cover ratio is currently 1.4 days.

ProShares Ultra DJ-UBS Crude Oil (NYSEARCA:UCO) opened at $22.68 on Tuesday. ProShares Ultra DJ-UBS Crude Oil has a fifty-two week low of $12.36 and a fifty-two week high of $28.52.

A hedge fund recently raised its stake in ProShares Ultra DJ-UBS Crude Oil stock. Virtu Financial LLC increased its position in shares of ProShares Ultra DJ-UBS Crude Oil (NYSEARCA:UCO) by 13.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 117,596 shares of the exchange traded fund’s stock after buying an additional 14,345 shares during the quarter. Virtu Financial LLC owned 0.34% of ProShares Ultra DJ-UBS Crude Oil worth $1,200,000 as of its most recent SEC filing.

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About ProShares Ultra DJ-UBS Crude Oil

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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