Group One Trading LLC grew its holdings in shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Free Report) by 607.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 223,321 shares of the exchange traded fund’s stock after buying an additional 191,767 shares during the period. Group One Trading LLC’s holdings in ProShares UltraShort Bloomberg Crude Oil were worth $1,858,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cassaday & Co Wealth Management LLC bought a new position in shares of ProShares UltraShort Bloomberg Crude Oil during the first quarter valued at approximately $30,000. JPMorgan Chase & Co. bought a new stake in ProShares UltraShort Bloomberg Crude Oil in the third quarter valued at $61,000. Raymond James Financial Inc. bought a new stake in ProShares UltraShort Bloomberg Crude Oil in the second quarter valued at $70,000. Simplicity Wealth LLC purchased a new position in ProShares UltraShort Bloomberg Crude Oil during the 1st quarter valued at $91,000. Finally, Nicholson Wealth Management Group LLC purchased a new position in ProShares UltraShort Bloomberg Crude Oil during the 1st quarter valued at $175,000.
ProShares UltraShort Bloomberg Crude Oil Stock Performance
Shares of NYSEARCA SCO opened at $26.37 on Thursday. ProShares UltraShort Bloomberg Crude Oil has a 12 month low of $22.84 and a 12 month high of $84.14. The firm has a fifty day simple moving average of $29.18 and a two-hundred day simple moving average of $41.43.
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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