Mirae Asset Global Investments Co. Ltd. lowered its position in ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Free Report) by 42.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,347 shares of the exchange traded fund’s stock after selling 23,500 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.29% of ProShares UltraShort Bloomberg Crude Oil worth $676,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of SCO. Jump Financial LLC purchased a new stake in ProShares UltraShort Bloomberg Crude Oil in the 3rd quarter valued at approximately $1,302,000. Tower Research Capital LLC TRC lifted its stake in ProShares UltraShort Bloomberg Crude Oil by 5,800.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 25,667 shares of the exchange traded fund’s stock valued at $432,000 after buying an additional 25,232 shares in the last quarter. Atomi Financial Group Inc. lifted its stake in ProShares UltraShort Bloomberg Crude Oil by 12.4% in the 3rd quarter. Atomi Financial Group Inc. now owns 12,199 shares of the exchange traded fund’s stock valued at $205,000 after buying an additional 1,342 shares in the last quarter. Finally, Capital Investment Advisory Services LLC purchased a new stake in ProShares UltraShort Bloomberg Crude Oil in the 3rd quarter valued at approximately $118,000.
ProShares UltraShort Bloomberg Crude Oil Stock Down 1.3 %
SCO stock opened at $15.41 on Friday. ProShares UltraShort Bloomberg Crude Oil has a 1 year low of $14.44 and a 1 year high of $30.02. The stock’s 50 day moving average price is $16.60 and its 200 day moving average price is $18.27.
ProShares UltraShort Bloomberg Crude Oil 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.
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