ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.78 and traded as high as $20.58. ProShares UltraShort Bloomberg Crude Oil shares last traded at $20.52, with a volume of 504,557 shares.
ProShares UltraShort Bloomberg Crude Oil Trading Up 2.0%
The business has a 50-day moving average price of $18.86 and a 200 day moving average price of $17.78.
Institutional Trading of ProShares UltraShort Bloomberg Crude Oil
A number of large investors have recently made changes to their positions in SCO. JPMorgan Chase & Co. bought a new position in ProShares UltraShort Bloomberg Crude Oil during the 3rd quarter valued at about $61,000. Raymond James Financial Inc. bought a new stake in ProShares UltraShort Bloomberg Crude Oil in the second quarter worth about $70,000. XTX Topco Ltd purchased a new position in shares of ProShares UltraShort Bloomberg Crude Oil during the second quarter valued at approximately $235,000. EverSource Wealth Advisors LLC bought a new position in shares of ProShares UltraShort Bloomberg Crude Oil during the second quarter valued at approximately $271,000. Finally, Group One Trading LLC grew its stake in shares of 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 valued at $1,014,000 after buying an additional 21,999 shares during the last 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.
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