ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) Shares Gap Down – Here’s Why

Posted by Scott Moore on Jun 3rd, 2026

ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $27.49, but opened at $25.85. ProShares UltraShort Bloomberg Crude Oil shares last traded at $25.50, with a volume of 2,409,718 shares.

ProShares UltraShort Bloomberg Crude Oil Price Performance

The stock has a 50-day moving average of $29.13 and a 200 day moving average of $53.50.

Institutional Investors Weigh In On ProShares UltraShort Bloomberg Crude Oil

A number of large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new stake in ProShares UltraShort Bloomberg Crude Oil in the third quarter valued at approximately $61,000. Cassaday & Co Wealth Management LLC purchased a new stake in ProShares UltraShort Bloomberg Crude Oil in the first quarter valued at approximately $30,000. Raymond James Financial Inc. purchased a new stake in ProShares UltraShort Bloomberg Crude Oil in the second quarter valued at approximately $70,000. Waverly Advisors LLC purchased a new stake in ProShares UltraShort Bloomberg Crude Oil in the first quarter valued at approximately $83,000. Finally, Simplicity Wealth LLC purchased a new stake in ProShares UltraShort Bloomberg Crude Oil in the first quarter valued at approximately $91,000.

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.