ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) Sets New 1-Year Low – What’s Next?

Posted by Joseph Casey on Oct 3rd, 2026

ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report) hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $19.28 and last traded at $19.41, with a volume of 5395093 shares trading hands. The stock had previously closed at $19.85.

ProShares UltraShort Bloomberg Crude Oil Trading Up 0.4%

The business has a fifty day simple moving average of $23.75 and a 200 day simple moving average of $27.65.

Hedge Funds Weigh In On ProShares UltraShort Bloomberg Crude Oil

Several large investors have recently added to or reduced their stakes in SCO. NewEdge Advisors LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the first quarter worth $144,000. Marks Group Wealth Management Inc acquired a new position in shares of ProShares UltraShort Bloomberg Crude Oil in the 1st quarter valued at about $528,000. Bank of New York Mellon Corp acquired a new position in shares of ProShares UltraShort Bloomberg Crude Oil in the 1st quarter valued at about $832,000. IMC Chicago LLC grew its position in shares of ProShares UltraShort Bloomberg Crude Oil by 156.1% during the 1st quarter. IMC Chicago LLC now owns 47,102 shares of the exchange traded fund’s stock valued at $392,000 after buying an additional 28,710 shares during the last quarter. Finally, Talon Private Wealth LLC bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the 1st quarter valued at about $8,517,000.

About ProShares UltraShort Bloomberg Crude Oil

(Get Free Report)

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.