Shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report) fell 8.2% on Monday . The stock traded as low as $30.34 and last traded at $30.44. Approximately 3,706,070 shares traded hands during trading, a decline of 54% from the average session volume of 8,046,660 shares. The stock had previously closed at $33.15.
ProShares UltraShort Bloomberg Crude Oil Stock Performance
The firm has a 50-day moving average price of $28.94 and a 200 day moving average price of $44.23.
Institutional Trading of ProShares UltraShort Bloomberg Crude Oil
Several hedge funds have recently modified their holdings of the stock. Jump Financial LLC acquired a new stake in ProShares UltraShort Bloomberg Crude Oil in the 2nd quarter valued at about $3,076,000. Raymond James Financial Inc. purchased a new position in ProShares UltraShort Bloomberg Crude Oil during the 2nd quarter worth approximately $70,000. Group One Trading LLC increased its holdings in shares of 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 valued at $1,014,000 after acquiring an additional 21,999 shares during the period. Tower Research Capital LLC TRC increased its stake in 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 purchasing an additional 45,164 shares during the period. Finally, JPMorgan Chase & Co. purchased a new position in shares of ProShares UltraShort Bloomberg Crude Oil during the third quarter worth about $61,000.
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.
Featured Stories
- Five stocks we like better than ProShares UltraShort Bloomberg Crude Oil
- Why Welltower’s Growth Story Might Outrun Its Rich Valuation
- One Short- and One Long-Term ETF for Quantum Computing Bulls
- The Phase 3 Failure That Sent Biotech Winners and Losers in Opposite Directions
- Why Micron Is Doubling Down While the HBM Shortage Persists
Receive News & Ratings for ProShares UltraShort Bloomberg Crude Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort Bloomberg Crude Oil and related companies with MarketBeat.com's FREE daily email newsletter.
