ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $17.81 and traded as high as $18.85. ProShares UltraShort Bloomberg Crude Oil shares last traded at $18.59, with a volume of 893,161 shares changing hands.
ProShares UltraShort Bloomberg Crude Oil Price Performance
The stock has a 50-day moving average of $18.32 and a 200 day moving average of $17.81.
Institutional Trading of ProShares UltraShort Bloomberg Crude Oil
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jump Financial LLC acquired a new position in ProShares UltraShort Bloomberg Crude Oil during the second quarter valued at $3,076,000. Quadrature Capital Ltd purchased a new position in shares of ProShares UltraShort Bloomberg Crude Oil during the 3rd quarter valued at about $1,844,000. Tower Research Capital LLC TRC lifted its holdings in shares of ProShares UltraShort Bloomberg Crude Oil by 237.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 64,182 shares of the exchange traded fund’s stock valued at $1,159,000 after buying an additional 45,164 shares during the period. Flow Traders U.S. LLC acquired a new position in shares of ProShares UltraShort Bloomberg Crude Oil in the 2nd quarter valued at about $563,000. Finally, Group One Trading LLC boosted its stake in shares of ProShares UltraShort Bloomberg Crude Oil by 64.4% in the second quarter. Group One Trading LLC now owns 56,155 shares of the exchange traded fund’s stock worth $1,014,000 after buying an additional 21,999 shares during the last 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.
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