ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) Sets New 12-Month Low – Here’s What Happened

Shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) reached a new 52-week low on Monday . The company traded as low as $7.46 and last traded at $7.49, with a volume of 11140246 shares trading hands. The stock had previously closed at $8.07.

ProShares UltraShort Bloomberg Crude Oil Stock Performance

The stock has a 50-day moving average price of $11.56 and a two-hundred day moving average price of $16.09.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in shares of ProShares UltraShort Bloomberg Crude Oil during the 2nd quarter valued at about $70,000. Group One Trading LLC lifted its holdings in ProShares UltraShort Bloomberg Crude Oil by 64.4% in the 2nd quarter. Group One Trading LLC now owns 56,155 shares of the exchange traded fund’s stock worth $1,014,000 after purchasing an additional 21,999 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in ProShares UltraShort Bloomberg Crude Oil by 33.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 52,266 shares of the exchange traded fund’s stock worth $1,025,000 after purchasing an additional 13,212 shares in the last quarter. Jump Financial LLC purchased a new position in ProShares UltraShort Bloomberg Crude Oil in the 2nd quarter worth approximately $3,076,000. Finally, Quadrature Capital Ltd purchased a new position in ProShares UltraShort Bloomberg Crude Oil in the 3rd quarter worth approximately $1,844,000.

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.