Talon Private Wealth LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,023,723 shares of the exchange traded fund’s stock, valued at approximately $8,517,000. ProShares UltraShort Bloomberg Crude Oil comprises about 1.1% of Talon Private Wealth LLC’s portfolio, making the stock its 16th largest holding.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SCO. Cassaday & Co Wealth Management LLC purchased a new stake in shares of ProShares UltraShort Bloomberg Crude Oil in the 1st quarter worth about $30,000. JPMorgan Chase & Co. purchased a new stake in shares of ProShares UltraShort Bloomberg Crude Oil in the 3rd quarter worth approximately $61,000. Raymond James Financial Inc. bought a new position in shares of ProShares UltraShort Bloomberg Crude Oil during the second quarter valued at $70,000. Waverly Advisors LLC purchased a new position in ProShares UltraShort Bloomberg Crude Oil in the first quarter worth about $83,000. Finally, Simplicity Wealth LLC purchased a new position in ProShares UltraShort Bloomberg Crude Oil in the 1st quarter worth approximately $91,000.
ProShares UltraShort Bloomberg Crude Oil Stock Up 5.5%
ProShares UltraShort Bloomberg Crude Oil stock opened at $29.59 on Wednesday. The business’s fifty day moving average is $29.42 and its 200 day moving average is $39.97. ProShares UltraShort Bloomberg Crude Oil has a one year low of $22.84 and a one year high of $84.14.
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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