ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Share Price Pass Above 200-Day Moving Average – Should You Sell?

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $21.83 and traded as high as $22.22. ProShares Ultra Bloomberg Crude Oil shares last traded at $21.00, with a volume of 8,574,859 shares.

Key Headlines Impacting ProShares Ultra Bloomberg Crude Oil

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

• Positive Sentiment: OPEC projects steady global oil-demand growth into 2027, supporting longer-run crude fundamentals that could lift oil futures (and thus UCO) over time. In first look at 2027, OPEC forecasts ongoing oil demand growth
• Positive Sentiment: Citi raised its near-term Brent outlook citing rising geopolitical risk, signaling analysts see upside if tensions re-escalate — a tailwind for leveraged crude ETFs like UCO. Rising geopolitical risks point to higher crude prices – oil analyst
• Positive Sentiment: China’s strategic buying for reserves has supported oil prices recently, providing a demand floor that could limit downside for UCO. China, Wary of Global Unrest, Is Keeping the Oil Market Afloat
• Neutral Sentiment: Technicals are mixed — analysts flagged both a bullish double-bottom breakout earlier in the week and a short-term technical correction, so momentum could swing quickly. Crude Oil Price Forecast: Double Bottom Breakout Signals Trend Reversal
• Negative Sentiment: President Trump’s comments suggesting he may hold off on military action in Iran eased fears of a supply shock; that risk-off shift drove oil prices lower intraday and hit UCO. US oil prices dip more than $1 as Trump remarks reduce fears about Iran
• Negative Sentiment: U.S. crude inventories rose by ~3.4 million barrels last week, an oversupply signal that typically pressures near-term futures and leveraged ETFs such as UCO. U.S. Crude Oil Stockpiles Post Weekly Increase
• Negative Sentiment: Venezuelan crude exports are resuming and the U.S. completed initial sanctioned Venezuelan oil sales — more supply into U.S. Gulf markets and refiners preparing to run Venezuelan grades add downward pressure on prices. US completes first Venezuelan oil sales valued at $500 million, US official says
• Negative Sentiment: Moves that could raise future Venezuelan production — e.g., expected expanded licenses for Chevron and reports Exxon is preparing to run Venezuelan crude — increase medium-term supply expectations and cap oil upside. Exclusive: Chevron expected to receive expanded Venezuela license from US this week, oil industry sources say

ProShares Ultra Bloomberg Crude Oil Stock Performance

The stock’s 50-day moving average price is $20.05 and its 200-day moving average price is $21.83.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Crude Oil

Several hedge funds and other institutional investors have recently bought and sold shares of UCO. Flow Traders U.S. LLC boosted its position in ProShares Ultra Bloomberg Crude Oil by 202.7% during the second quarter. Flow Traders U.S. LLC now owns 32,267 shares of the exchange traded fund’s stock worth $723,000 after purchasing an additional 21,609 shares in the last quarter. Quantum Financial Advisors LLC acquired a new position in shares of ProShares Ultra Bloomberg Crude Oil during the 2nd quarter worth $480,000. Spire Wealth Management boosted its position in shares of ProShares Ultra Bloomberg Crude Oil by 180.5% in the 4th quarter. Spire Wealth Management now owns 18,802 shares of the exchange traded fund’s stock worth $363,000 after buying an additional 12,100 shares in the last quarter. Two Sigma Securities LLC grew its stake in ProShares Ultra Bloomberg Crude Oil by 25.8% in the 2nd quarter. Two Sigma Securities LLC now owns 13,583 shares of the exchange traded fund’s stock valued at $304,000 after acquiring an additional 2,785 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in ProShares Ultra Bloomberg Crude Oil in the 3rd quarter valued at 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.