ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $7.72, but opened at $8.55. ProShares UltraShort Bloomberg Crude Oil shares last traded at $8.64, with a volume of 22,041,692 shares traded.
ProShares UltraShort Bloomberg Crude Oil Stock Performance
The company’s 50-day moving average is $10.89 and its two-hundred day moving average is $15.86.
Institutional Trading of ProShares UltraShort Bloomberg Crude Oil
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its stake in ProShares UltraShort Bloomberg Crude Oil by 237.5% in the second 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 during the last quarter. Quadrature Capital Ltd bought a new stake in ProShares UltraShort Bloomberg Crude Oil during the third quarter worth $1,844,000. Jump Financial LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Crude Oil in the 4th quarter valued at $2,526,000. Group One Trading LLC increased its stake in shares of ProShares UltraShort Bloomberg Crude Oil by 64.4% in 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, Raymond James Financial Inc. acquired a new position in shares of ProShares UltraShort Bloomberg Crude Oil during the 2nd quarter worth $70,000.
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.
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