ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) Shares Gap Up – Time to Buy?

Posted by Amy Steele on Aug 3rd, 2026

Shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $27.15, but opened at $29.10. ProShares UltraShort Bloomberg Crude Oil shares last traded at $29.31, with a volume of 1,231,412 shares trading hands.

ProShares UltraShort Bloomberg Crude Oil Stock Up 6.5%

The stock has a fifty day moving average price of $29.53 and a 200-day moving average price of $38.96.

Hedge Funds Weigh In On ProShares UltraShort Bloomberg Crude Oil

Several institutional investors have recently bought and sold shares of SCO. Brookstone Capital Management purchased a new stake in shares of ProShares UltraShort Bloomberg Crude Oil in the first quarter valued at about $8,930,000. Talon Private Wealth LLC purchased a new position in ProShares UltraShort Bloomberg Crude Oil during the first quarter worth about $8,517,000. Spectrum Financial Alliance Ltd LLC purchased a new position in ProShares UltraShort Bloomberg Crude Oil during the first quarter worth about $5,611,000. Group One Trading LLC lifted its position in ProShares UltraShort Bloomberg Crude Oil by 607.7% in the first quarter. Group One Trading LLC now owns 223,321 shares of the exchange traded fund’s stock valued at $1,858,000 after purchasing an additional 191,767 shares during the period. Finally, Jump Financial LLC acquired a new stake in ProShares UltraShort Bloomberg Crude Oil in the second quarter valued at about $3,076,000.

ProShares UltraShort Bloomberg Crude Oil Company Profile

(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.