ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) Stock Price Cross Above 200 Day Moving Average – What’s Next?

ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.78 and traded as high as $20.06. ProShares UltraShort Bloomberg Crude Oil shares last traded at $19.90, with a volume of 1,485,124 shares.

ProShares UltraShort Bloomberg Crude Oil Stock Up 4.2%

The company has a fifty day moving average price of $18.88 and a 200 day moving average price of $17.78.

Institutional Trading of ProShares UltraShort Bloomberg Crude Oil

Several large investors have recently bought and sold shares of the company. Jump Financial LLC purchased 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 third quarter valued at about $1,844,000. Tower Research Capital LLC TRC raised its position in shares of ProShares UltraShort Bloomberg Crude Oil by 237.5% during 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 in the last quarter. Flow Traders U.S. LLC bought a new stake in ProShares UltraShort Bloomberg Crude Oil in the second quarter worth $563,000. 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.