Mirae Asset Global Investments Co. Ltd. lowered its holdings in ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Free Report) by 42.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 32,347 shares of the exchange traded fund’s stock after selling 23,500 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in ProShares UltraShort Bloomberg Crude Oil were worth $676,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the business. Capital Investment Advisory Services LLC bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the third quarter valued at approximately $118,000. Jump Financial LLC bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the third quarter valued at approximately $1,302,000. Atomi Financial Group Inc. raised its holdings in shares of ProShares UltraShort Bloomberg Crude Oil by 12.4% during the third quarter. Atomi Financial Group Inc. now owns 12,199 shares of the exchange traded fund’s stock valued at $205,000 after buying an additional 1,342 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of ProShares UltraShort Bloomberg Crude Oil by 5,800.5% during the third quarter. Tower Research Capital LLC TRC now owns 25,667 shares of the exchange traded fund’s stock valued at $432,000 after buying an additional 25,232 shares during the last quarter.
ProShares UltraShort Bloomberg Crude Oil Stock Down 1.3 %
SCO opened at $15.41 on Friday. The business’s 50 day moving average is $16.60 and its 200-day moving average is $18.27. ProShares UltraShort Bloomberg Crude Oil has a twelve month low of $14.44 and a twelve month high of $30.02.
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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Want to see what other hedge funds are holding SCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Free Report).
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