NewEdge Advisors LLC Makes New Investment in ProShares UltraShort Bloomberg Crude Oil $SCO

NewEdge Advisors LLC purchased a new stake in shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 17,250 shares of the exchange traded fund’s stock, valued at approximately $144,000.

Other hedge funds also recently modified their holdings of the company. Arkadios Wealth Advisors bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil in the first quarter worth $108,000. Talon Private Wealth LLC bought a new position in ProShares UltraShort Bloomberg Crude Oil during the 1st quarter worth $8,517,000. Waverly Advisors LLC bought a new position in ProShares UltraShort Bloomberg Crude Oil during the 1st quarter worth $83,000. Group One Trading LLC lifted its holdings in ProShares UltraShort Bloomberg Crude Oil by 607.7% during the 1st quarter. Group One Trading LLC now owns 223,321 shares of the exchange traded fund’s stock worth $1,858,000 after buying an additional 191,767 shares during the period. Finally, Cassaday & Co Wealth Management LLC acquired a new position in ProShares UltraShort Bloomberg Crude Oil during the 1st quarter worth about $30,000.

ProShares UltraShort Bloomberg Crude Oil Trading Up 1.1%

NYSEARCA SCO opened at $30.91 on Thursday. The business’s 50-day moving average price is $29.75 and its two-hundred day moving average price is $38.08. ProShares UltraShort Bloomberg Crude Oil has a 12 month low of $22.84 and a 12 month high of $84.14.

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.