Shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report) saw an uptick in trading volume on Monday . 14,430,153 shares changed hands during mid-day trading, a decline of 16% from the previous session’s volume of 17,100,029 shares.The stock last traded at $8.10 and had previously closed at $8.21.
ProShares UltraShort Bloomberg Crude Oil Stock Performance
The firm has a 50-day moving average price of $12.02 and a 200-day moving average price of $16.28.
Hedge Funds Weigh In On ProShares UltraShort Bloomberg Crude Oil
Several hedge funds have recently modified their holdings of the company. XTX Topco Ltd acquired a new position in shares of ProShares UltraShort Bloomberg Crude Oil in the 2nd quarter worth $235,000. EverSource Wealth Advisors LLC acquired a new position in shares of ProShares UltraShort Bloomberg Crude Oil in the 2nd quarter worth $271,000. Flow Traders U.S. LLC acquired a new position in shares of ProShares UltraShort Bloomberg Crude Oil in the 2nd quarter worth $563,000. Jump Financial LLC acquired a new position in shares of ProShares UltraShort Bloomberg Crude Oil in the 2nd quarter worth $3,076,000. Finally, Raymond James Financial Inc. acquired a new position in shares of ProShares UltraShort Bloomberg Crude Oil in the 2nd quarter worth $70,000.
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.
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