ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $29.43, but opened at $30.84. ProShares UltraShort Bloomberg Crude Oil shares last traded at $30.59, with a volume of 2,069,511 shares traded.
ProShares UltraShort Bloomberg Crude Oil Price Performance
The business’s 50-day moving average is $27.82 and its 200 day moving average is $50.06.
Hedge Funds Weigh In On ProShares UltraShort Bloomberg Crude Oil
A number of large investors have recently added to or reduced their stakes in SCO. Jump Financial LLC purchased a new position in shares of ProShares UltraShort Bloomberg Crude Oil in the second quarter valued at about $3,076,000. Raymond James Financial Inc. purchased a new position in shares of ProShares UltraShort Bloomberg Crude Oil in the second quarter valued at about $70,000. Group One Trading LLC increased its position in shares of ProShares UltraShort Bloomberg Crude Oil by 64.4% in the second quarter. Group One Trading LLC now owns 56,155 shares of the exchange traded fund’s stock valued at $1,014,000 after acquiring an additional 21,999 shares during the period. Tower Research Capital LLC TRC increased its position in shares of ProShares UltraShort Bloomberg Crude Oil by 237.5% in the second quarter. Tower Research Capital LLC TRC now owns 64,182 shares of the exchange traded fund’s stock valued at $1,159,000 after acquiring an additional 45,164 shares during the period. Finally, JPMorgan Chase & Co. purchased a new position in shares of ProShares UltraShort Bloomberg Crude Oil in the third quarter valued at about $61,000.
ProShares UltraShort Bloomberg Crude Oil Company Profile
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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