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

Posted by Teresa Graham on Aug 25th, 2026

ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $24.33, but opened at $25.40. ProShares UltraShort Bloomberg Crude Oil shares last traded at $25.46, with a volume of 1,077,983 shares changing hands.

ProShares UltraShort Bloomberg Crude Oil Stock Performance

The company’s 50-day moving average price is $29.57 and its two-hundred day moving average price is $34.20.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new position in shares of ProShares UltraShort Bloomberg Crude Oil in the third quarter valued at $61,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the first quarter worth about $30,000. Raymond James Financial Inc. acquired a new stake in shares of ProShares UltraShort Bloomberg Crude Oil in the 2nd quarter worth about $70,000. Waverly Advisors LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Crude Oil in the 1st quarter worth about $83,000. Finally, Simplicity Wealth LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Crude Oil in the 1st quarter worth about $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.