Investors Buy Large Volume of ProShares UltraShort Bloomberg Crude Oil Call Options (NYSEARCA:SCO)

ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) was the target of unusually large options trading activity on Friday. Investors purchased 3,805 call options on the company. This is an increase of approximately 180% compared to the typical daily volume of 1,358 call options.

ProShares UltraShort Bloomberg Crude Oil Price Performance

Shares of ProShares UltraShort Bloomberg Crude Oil stock opened at $10.50 on Friday. The firm has a fifty day moving average price of $16.44 and a two-hundred day moving average price of $17.61. ProShares UltraShort Bloomberg Crude Oil has a fifty-two week low of $10.40 and a fifty-two week high of $24.51.

Institutional Investors Weigh In On ProShares UltraShort Bloomberg Crude Oil

A number of institutional investors have recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Crude Oil in the 2nd quarter valued at $3,076,000. Quadrature Capital Ltd acquired a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the 3rd quarter worth about $1,844,000. Tower Research Capital LLC TRC lifted its holdings in 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 purchasing an additional 45,164 shares during the last quarter. Group One Trading LLC lifted its holdings 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 valued at $1,014,000 after purchasing an additional 21,999 shares during the last quarter. Finally, Corigliano Investment Advisers LLC bought a new stake in ProShares UltraShort Bloomberg Crude Oil during the fourth quarter worth about $941,000.

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.