ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) Shares Up 12.7% – What’s Next?

Posted by Casey Walker on Nov 6th, 2026

ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report) rose 12.7% during mid-day trading on Wednesday. The stock traded as high as $19.17 and last traded at $19.17. Approximately 7,625,767 shares were traded during trading, an increase of 8% from the average daily volume of 7,064,031 shares. The stock had previously closed at $17.01.

ProShares UltraShort Bloomberg Crude Oil Price Performance

The stock has a fifty day moving average price of $19.33 and a 200-day moving average price of $32.12.

Institutional Investors Weigh In On ProShares UltraShort Bloomberg Crude Oil

A number of institutional investors have recently added to or reduced their stakes in the stock. Cassaday & Co Wealth Management LLC bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil in the 1st quarter valued at about $30,000. Waverly Advisors LLC purchased a new position in shares of ProShares UltraShort Bloomberg Crude Oil in the 1st quarter worth approximately $83,000. Simplicity Wealth LLC purchased a new position in shares of ProShares UltraShort Bloomberg Crude Oil in the 1st quarter worth approximately $91,000. Arkadios Wealth Advisors bought a new position in shares of ProShares UltraShort Bloomberg Crude Oil during the 1st quarter worth approximately $108,000. Finally, NewEdge Advisors LLC bought a new position in shares of ProShares UltraShort Bloomberg Crude Oil during the 1st quarter worth approximately $144,000.

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.