ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.20 and traded as high as $18.56. ProShares UltraShort Bloomberg Crude Oil shares last traded at $18.42, with a volume of 926,968 shares.
ProShares UltraShort Bloomberg Crude Oil Stock Performance
The firm has a 50 day simple moving average of $17.64 and a two-hundred day simple moving average of $18.20.
Institutional Investors Weigh In On ProShares UltraShort Bloomberg Crude Oil
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jump Financial LLC bought a new stake in ProShares UltraShort Bloomberg Crude Oil during the second quarter worth $3,076,000. Tower Research Capital LLC TRC lifted its stake in ProShares UltraShort Bloomberg Crude Oil by 237.5% during the second quarter. Tower Research Capital LLC TRC now owns 64,182 shares of the exchange traded fund’s stock worth $1,159,000 after purchasing an additional 45,164 shares during the last quarter. Group One Trading LLC lifted its stake in ProShares UltraShort Bloomberg Crude Oil by 64.4% during the second quarter. Group One Trading LLC now owns 56,155 shares of the exchange traded fund’s stock worth $1,014,000 after purchasing an additional 21,999 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in ProShares UltraShort Bloomberg Crude Oil by 11.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,000 shares of the exchange traded fund’s stock worth $777,000 after purchasing an additional 4,653 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in ProShares UltraShort Bloomberg Crude Oil during the second quarter worth $563,000.
ProShares UltraShort Bloomberg Crude Oil Company Profile
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.
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