Shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $7.46 and last traded at $7.49, with a volume of 11140246 shares changing hands. The stock had previously closed at $8.07.
ProShares UltraShort Bloomberg Crude Oil Stock Performance
The firm has a 50-day moving average price of $11.22 and a 200-day moving average price of $15.97.
Institutional Investors Weigh In On ProShares UltraShort Bloomberg Crude Oil
Several large investors have recently modified their holdings of SCO. Jump Financial LLC bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the 2nd quarter worth $3,076,000. Quadrature Capital Ltd bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the 3rd quarter worth $1,844,000. Corigliano Investment Advisers LLC bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the 4th quarter worth $941,000. Tower Research Capital LLC TRC boosted its stake 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 worth $1,159,000 after acquiring an additional 45,164 shares in the last quarter. Finally, Group One Trading LLC boosted its stake in shares of 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 acquiring an additional 21,999 shares in the last quarter.
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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