Deutsche Bank AG Makes New Investment in ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO)

Source: mayfieldrecorder.com

Deutsche Bank AG purchased a new position in shares of ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 13,400 shares of the exchange traded fund’s stock, valued at approximately $178,000. Deutsche Bank AG owned approximately 0.07% of ProShares Ultra Bloomberg Crude Oil at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Morgan Stanley increased its stake in shares of 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 worth $1,525,000 after buying an additional 16,598 shares during the last quarter. Lido Advisors LLC bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil in the fourth quarter worth $704,000. Jump Trading LLC bought a new stake in ProShares Ultra Bloomberg Crude Oil during the fourth quarter valued at $676,000. Finally, BKS Advisors LLC bought a new stake in ProShares Ultra Bloomberg Crude Oil during the fourth quarter valued at $266,000.

UCO stock traded up $0.33 during trading on Friday, hitting $19.10. 3,351,394 shares of the company’s stock traded hands, compared to its average volume of 3,321,987. ProShares Ultra Bloomberg Crude Oil has a 52 week low of $12.20 and a 52 week high of $39.36.

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.