ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) Short Interest Up 109.7% in January

ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 640,902 shares, an increase of 109.7% from the December 31st total of 305,611 shares. Based on an average daily volume of 2,312,179 shares, the short-interest ratio is presently 0.3 days. Currently, 10.8% of the company’s shares are sold short. Currently, 10.8% of the company’s shares are sold short. Based on an average daily volume of 2,312,179 shares, the short-interest ratio is presently 0.3 days.

ProShares UltraShort Bloomberg Crude Oil Trading Down 0.6%

Shares of NYSEARCA:SCO opened at $15.36 on Friday. The company has a 50 day moving average of $18.76 and a 200-day moving average of $18.01. ProShares UltraShort Bloomberg Crude Oil has a one year low of $14.57 and a one year high of $24.51.

Institutional Trading of ProShares UltraShort Bloomberg Crude Oil

Several institutional investors and hedge funds have recently made changes to their positions in SCO. Jump Financial LLC bought a new stake in ProShares UltraShort Bloomberg Crude Oil during the 2nd quarter worth about $3,076,000. Quadrature Capital Ltd acquired a new stake in shares of ProShares UltraShort Bloomberg Crude Oil in the third quarter valued at about $1,844,000. Tower Research Capital LLC TRC raised its holdings in ProShares UltraShort Bloomberg Crude Oil by 237.5% during the second quarter. Tower Research Capital LLC TRC now owns 64,182 shares of the exchange traded fund’s stock worth $1,159,000 after acquiring an additional 45,164 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in ProShares UltraShort Bloomberg Crude Oil during the second quarter valued at approximately $563,000. Finally, Group One Trading LLC boosted its position in 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 purchasing 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.