Shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report) passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $19.10 and traded as high as $20.35. ProShares UltraShort Bloomberg Crude Oil shares last traded at $19.74, with a volume of 7,916,395 shares.
ProShares UltraShort Bloomberg Crude Oil Trading Up 5.2%
The firm has a 50-day simple moving average of $19.10 and a 200 day simple moving average of $31.60.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the business. NewEdge Advisors LLC purchased a new stake in ProShares UltraShort Bloomberg Crude Oil in the first quarter worth about $144,000. Bank of New York Mellon Corp purchased a new position in shares of ProShares UltraShort Bloomberg Crude Oil during the first quarter valued at approximately $832,000. Marks Group Wealth Management Inc bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil in the 1st quarter worth approximately $528,000. IMC Chicago LLC grew its stake in shares of ProShares UltraShort Bloomberg Crude Oil by 156.1% in the 1st quarter. IMC Chicago LLC now owns 47,102 shares of the exchange traded fund’s stock worth $392,000 after buying an additional 28,710 shares during the last quarter. Finally, Talon Private Wealth LLC purchased a new stake in shares of ProShares UltraShort Bloomberg Crude Oil in the 1st quarter worth approximately $8,517,000.
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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