ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report)’s share price gapped up prior to trading on Monday . The stock had previously closed at $25.58, but opened at $27.24. ProShares UltraShort Bloomberg Crude Oil shares last traded at $27.38, with a volume of 1,969,984 shares changing hands.
ProShares UltraShort Bloomberg Crude Oil Stock Performance
The firm’s 50-day simple moving average is $29.21 and its 200 day simple moving average is $40.69.
Institutional Trading of ProShares UltraShort Bloomberg Crude Oil
A number of institutional investors have recently added to or reduced their stakes in SCO. JPMorgan Chase & Co. acquired a new position in ProShares UltraShort Bloomberg Crude Oil during the third quarter worth about $61,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the 1st quarter valued at approximately $30,000. Raymond James Financial Inc. acquired a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the 2nd quarter valued at approximately $70,000. Waverly Advisors LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the 1st quarter valued at approximately $83,000. Finally, Simplicity Wealth LLC purchased a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the 1st quarter worth 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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