With U.S. investment managers and hedge funds reporting their quarterly equity positions ahead of the SEC deadline last month, some of the world’s largest asset managers are still taking bullish positions in WTI overall by increasing their investment in an important WTI investment instrument; leveraged WTI ETFs with one ETF in particular seeing a change of over 101 percent in shares held from the prior quarter. The most common way to gauge the price of crude oil is to follow the daily pricing of WTI, but another more profound method is to examine the flow of investments into these ETFs that track WTI benchmarks. The ProShares Bloomberg Ultra Crude Oil ETF (Ticker: UCO) is one of the most heavily traded ETFs which theoretically returns twice the daily performance of its WTI benchmark. This particular ETF is a high risk, high reward investment that has lost 29 percent YTD, which […]