ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $17.56 and traded as high as $17.65. ProShares UltraShort Bloomberg Crude Oil shares last traded at $17.29, with a volume of 905,743 shares changing hands.

ProShares UltraShort Bloomberg Crude Oil Stock Up 0.5 %

The stock has a fifty day moving average price of $16.48 and a two-hundred day moving average price of $17.56.

Institutional Trading of ProShares UltraShort Bloomberg Crude Oil

A hedge fund recently bought a new stake in ProShares UltraShort Bloomberg Crude Oil stock. Atomi Financial Group Inc. acquired a new stake in ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,379 shares of the exchange traded fund’s stock, valued at approximately $176,000. Atomi Financial Group Inc. owned approximately 0.09% of ProShares UltraShort Bloomberg Crude Oil at the end of the most recent quarter.

About ProShares UltraShort Bloomberg Crude Oil

The ProShares UltraShort Bloomberg Crude Oil (SCO) is an exchange-traded fund that is based on the Bloomberg WTI Crude Oil Subindex index. The fund provides -2x the daily return of an index of futures contracts on light sweet crude oil. SCO was launched on Nov 24, 2008 and is managed by ProShares.