Integrated Investment Consultants LLC Buys Shares of 113,747 ProShares UltraShort Bloomberg Crude Oil $SCO

Integrated Investment Consultants LLC bought a new position in ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) during the 1st quarter, HoldingsChannel.com reports. The fund bought 113,747 shares of the exchange traded fund’s stock, valued at approximately $946,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NewEdge Advisors LLC purchased a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the 1st quarter worth about $144,000. Arkadios Wealth Advisors bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil in the 1st quarter valued at approximately $108,000. Talon Private Wealth LLC acquired a new position in ProShares UltraShort Bloomberg Crude Oil in the first quarter worth approximately $8,517,000. Waverly Advisors LLC acquired a new position in ProShares UltraShort Bloomberg Crude Oil in the first quarter worth approximately $83,000. Finally, Group One Trading LLC raised its position in ProShares UltraShort Bloomberg Crude Oil by 607.7% during the first quarter. Group One Trading LLC now owns 223,321 shares of the exchange traded fund’s stock valued at $1,858,000 after acquiring an additional 191,767 shares in the last quarter.

ProShares UltraShort Bloomberg Crude Oil Stock Down 1.0%

Shares of SCO opened at $27.15 on Friday. The firm’s 50 day moving average price is $29.53 and its 200 day moving average price is $39.21. ProShares UltraShort Bloomberg Crude Oil has a twelve month low of $22.84 and a twelve month high of $84.14.

ProShares UltraShort Bloomberg Crude Oil 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.