Spectrum Financial Alliance Ltd LLC bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Free Report) during the first quarter, HoldingsChannel reports. The fund bought 674,350 shares of the exchange traded fund’s stock, valued at approximately $5,611,000. ProShares UltraShort Bloomberg Crude Oil makes up about 1.1% of Spectrum Financial Alliance Ltd LLC’s holdings, making the stock its 16th largest holding.
Other institutional investors and hedge funds have also made changes to their positions in the company. Brookstone Capital Management purchased a new stake in ProShares UltraShort Bloomberg Crude Oil in the 1st quarter worth approximately $8,930,000. Bogart Wealth LLC purchased a new position in ProShares UltraShort Bloomberg Crude Oil during the first quarter worth about $191,000. Corigliano Investment Advisers LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Crude Oil in the fourth quarter worth approximately $941,000. Jump Financial LLC acquired a new position in shares of ProShares UltraShort Bloomberg Crude Oil in the 4th quarter valued at $2,526,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of ProShares UltraShort Bloomberg Crude Oil by 33.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 52,266 shares of the exchange traded fund’s stock worth $1,025,000 after buying an additional 13,212 shares during the last quarter.
ProShares UltraShort Bloomberg Crude Oil Stock Performance
Shares of SCO stock traded up $0.01 during mid-day trading on Friday, reaching $33.15. The company’s stock had a trading volume of 3,055,509 shares, compared to its average volume of 8,081,875. The company’s 50 day simple moving average is $28.94 and its 200-day simple moving average is $44.46. ProShares UltraShort Bloomberg Crude Oil has a 12-month low of $22.84 and a 12-month high of $84.14.
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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Want to see what other hedge funds are holding SCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Free Report).
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