ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $17.98 and traded as high as $20.46. ProShares UltraShort Bloomberg Crude Oil shares last traded at $20.26, with a volume of 1,504,058 shares.
ProShares UltraShort Bloomberg Crude Oil Stock Performance
The stock has a 50-day simple moving average of $19.05 and a 200-day simple moving average of $17.98.
Institutional Trading of ProShares UltraShort Bloomberg Crude Oil
Institutional investors and hedge funds have recently bought and sold shares of the business. Jump Financial LLC purchased a new position in ProShares UltraShort Bloomberg Crude Oil in the second quarter valued at approximately $3,076,000. Quadrature Capital Ltd purchased a new position in shares of ProShares UltraShort Bloomberg Crude Oil in the 3rd quarter valued at $1,844,000. Tower Research Capital LLC TRC lifted its holdings 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 acquiring an additional 45,164 shares in the last quarter. Group One Trading LLC boosted its position in ProShares UltraShort Bloomberg Crude Oil by 64.4% during the 2nd quarter. Group One Trading LLC now owns 56,155 shares of the exchange traded fund’s stock worth $1,014,000 after purchasing an additional 21,999 shares during the period. Finally, Flow Traders U.S. LLC purchased a new stake in ProShares UltraShort Bloomberg Crude Oil during the 2nd quarter worth $563,000.
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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