Shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $21.75 and last traded at $21.83, with a volume of 1662561 shares. The stock had previously closed at $22.44.
ProShares UltraShort Bloomberg Crude Oil Trading Down 2.9%
The stock’s 50-day moving average is $27.69 and its two-hundred day moving average is $31.42.
Institutional Trading of ProShares UltraShort Bloomberg Crude Oil
Several large investors have recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the 3rd quarter valued at about $61,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of ProShares UltraShort Bloomberg Crude Oil in the first quarter worth approximately $30,000. Raymond James Financial Inc. bought a new stake in ProShares UltraShort Bloomberg Crude Oil during the second quarter valued at approximately $70,000. Waverly Advisors LLC bought a new stake in ProShares UltraShort Bloomberg Crude Oil during the first quarter valued at approximately $83,000. Finally, Simplicity Wealth LLC purchased a new stake in ProShares UltraShort Bloomberg Crude Oil during the first quarter valued at approximately $91,000.
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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