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

Posted by Scott Moore on Jul 31st, 2026

ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $29.59, but opened at $27.34. ProShares UltraShort Bloomberg Crude Oil shares last traded at $27.11, with a volume of 1,069,888 shares traded.

ProShares UltraShort Bloomberg Crude Oil Stock Up 3.7%

The firm has a fifty day moving average of $29.50 and a 200-day moving average of $39.29.

Institutional Investors Weigh In On ProShares UltraShort Bloomberg Crude Oil

Several large investors have recently modified their holdings of SCO. Brookstone Capital Management bought a new position in ProShares UltraShort Bloomberg Crude Oil during the 1st quarter worth about $8,930,000. Talon Private Wealth LLC bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the 1st quarter worth approximately $8,517,000. Spectrum Financial Alliance Ltd LLC bought a new stake in ProShares UltraShort Bloomberg Crude Oil during the first quarter worth $5,611,000. Group One Trading LLC lifted its stake in ProShares UltraShort Bloomberg Crude Oil by 607.7% in the 1st 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 last quarter. Finally, Jump Financial LLC bought a new position in shares of ProShares UltraShort Bloomberg Crude Oil during the 2nd quarter worth approximately $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.