ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) Short Interest Up 109.7% in January

ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 640,902 shares, a growth of 109.7% from the December 31st total of 305,611 shares. Based on an average daily trading volume, of 2,312,179 shares, the days-to-cover ratio is currently 0.3 days. Currently, 10.8% of the shares of the stock are short sold. Currently, 10.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,312,179 shares, the days-to-cover ratio is currently 0.3 days.

ProShares UltraShort Bloomberg Crude Oil Price Performance

ProShares UltraShort Bloomberg Crude Oil stock traded down $0.09 during midday trading on Friday, hitting $15.36. The company’s stock had a trading volume of 462,174 shares, compared to its average volume of 1,888,373. The stock’s 50-day moving average price is $18.84 and its 200-day moving average price is $18.02. ProShares UltraShort Bloomberg Crude Oil has a 12 month low of $14.57 and a 12 month high of $24.51.

Institutional Trading of ProShares UltraShort Bloomberg Crude Oil

Several institutional investors and hedge funds have recently added to or reduced their stakes in SCO. Flow Traders U.S. LLC bought a new stake in ProShares UltraShort Bloomberg Crude Oil during the second quarter worth approximately $563,000. Group One Trading LLC lifted its position in shares of ProShares UltraShort Bloomberg Crude Oil by 64.4% during 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 last quarter. Tower Research Capital LLC TRC lifted its position in shares of ProShares UltraShort Bloomberg Crude Oil by 237.5% during the 2nd 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 last quarter. Quadrature Capital Ltd bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the 3rd quarter worth $1,844,000. Finally, Jump Financial LLC acquired a new position in shares of ProShares UltraShort Bloomberg Crude Oil in the 2nd quarter worth $3,076,000.

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.