ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $33.15, but opened at $35.18. ProShares UltraShort Bloomberg Crude Oil shares last traded at $35.37, with a volume of 4,971,764 shares traded.
ProShares UltraShort Bloomberg Crude Oil Stock Performance
The stock’s 50 day moving average is $27.80 and its two-hundred day moving average is $48.23.
Institutional Investors Weigh In On ProShares UltraShort Bloomberg Crude Oil
Hedge funds and other institutional investors have recently modified their holdings of the company. Jump Financial LLC acquired a new position in shares of ProShares UltraShort Bloomberg Crude Oil during the second quarter worth $3,076,000. Raymond James Financial Inc. acquired a new stake in ProShares UltraShort Bloomberg Crude Oil in the second quarter valued at $70,000. Group One Trading LLC lifted its holdings in ProShares UltraShort Bloomberg Crude Oil by 64.4% during the 2nd quarter. Group One Trading LLC now owns 56,155 shares of the exchange traded fund’s stock worth $1,014,000 after buying an additional 21,999 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in ProShares UltraShort Bloomberg Crude Oil by 237.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 64,182 shares of the exchange traded fund’s stock worth $1,159,000 after buying an additional 45,164 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in shares of ProShares UltraShort Bloomberg Crude Oil during the 3rd quarter worth about $61,000.
About ProShares UltraShort Bloomberg Crude Oil
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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