Short Interest Coverage: Is Proshares Ultra Bberg Crude Oil (NYSEARCA:UCO) a Buy? The Stock Reported more Sellers

November 23, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Coverage: Is Proshares Ultra Bberg Crude Oil (NYSEARCA:UCO) a Buy? The Stock Reported more Sellers

The stock of Proshares Ultra Bberg Crude Oil (NYSEARCA:UCO) registered an increase of 0.15% in short interest. UCO’s total short interest was 29.63M shares in November as published by FINRA. Its up 0.15% from 29.58 million shares, reported previously. With 5.76 million shares average volume, it will take short sellers 5 days to cover their UCO’s short positions. ProShares Ultra DJ-UBS Crude Oil (NYSEARCA:UCO) has declined 8.43% since April 21, 2016 and is downtrending. It has underperformed by 13.76% the S&P500.

ProShares Ultra DJ-UBS Crude Oil seeks daily investment results that correspond to twice the daily performance of the Dow Jones UBS Crude Oil Sub-Index. The company has a market cap of $949.07 million.

More notable recent ProShares Ultra DJ-UBS Crude Oil (NYSEARCA:UCO) news were published by: Etfdailynews.com which released: “OPEC Cut In Question As October Production Surges” on November 11, 2016, also Marketwatch.com with their article: “ProShares UltraShort Bloomberg Crude Oil” published on January 31, 2010, Etfdailynews.com published: “Goldman Sachs: Oil Going to $40 If OPEC Deal Fails” on November 02, 2016. More interesting news about ProShares Ultra DJ-UBS Crude Oil (NYSEARCA:UCO) were released by: Etfdailynews.com and their article: “Leveraged Bull Oil ETFs Slammed as Iran Says “No” to OPEC Production Cap” published on October 24, 2016 as well as Etfdailynews.com‘s news article titled: “Leveraged Oil ETFs Surge as Oil Prices Hit One-Year Highs” with publication date: October 19, 2016.

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By Nellie Frank


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