ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) Shares Pass Above 200-Day Moving Average of $16.69

ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $16.69 and traded as high as $21.74. ProShares UltraShort Bloomberg Crude Oil shares last traded at $21.26, with a volume of 2,141,594 shares changing hands.

ProShares UltraShort Bloomberg Crude Oil Price Performance

The stock’s 50-day simple moving average is $17.35 and its 200-day simple moving average is $16.74.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ProShares UltraShort Bloomberg Crude Oil stock. IMC Chicago LLC lifted its stake in shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) by 287.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 99,776 shares of the exchange traded fund’s stock after purchasing an additional 74,044 shares during the period. IMC Chicago LLC owned 0.88% of ProShares UltraShort Bloomberg Crude Oil worth $1,598,000 at the end of the most recent quarter.

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.