ProShares UltraShort Bloomberg Crude Oil $SCO Shares Purchased by IMC Chicago LLC

IMC Chicago LLC raised its position in shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) by 156.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,102 shares of the exchange traded fund’s stock after purchasing an additional 28,710 shares during the quarter. IMC Chicago LLC’s holdings in ProShares UltraShort Bloomberg Crude Oil were worth $392,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Nicholson Wealth Management Group LLC bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil in the 1st quarter worth $175,000. Simplicity Wealth LLC acquired a new position in ProShares UltraShort Bloomberg Crude Oil during the first quarter worth about $91,000. Spectrum Financial Alliance Ltd LLC acquired a new position in ProShares UltraShort Bloomberg Crude Oil during the first quarter worth about $5,611,000. Bogart Wealth LLC bought a new stake in ProShares UltraShort Bloomberg Crude Oil in the first quarter worth about $191,000. Finally, Brookstone Capital Management bought a new stake in ProShares UltraShort Bloomberg Crude Oil in the first quarter worth about $8,930,000.

ProShares UltraShort Bloomberg Crude Oil Price Performance

Shares of NYSEARCA SCO opened at $28.83 on Friday. ProShares UltraShort Bloomberg Crude Oil has a twelve month low of $22.84 and a twelve month high of $84.14. The firm has a 50-day moving average of $29.08 and a two-hundred day moving average of $42.86.

ProShares UltraShort Bloomberg Crude Oil 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.