ProShares UltraShort Bloomberg Crude Oil Sees Unusually Large Options Volume (NYSEARCA:SCO)

ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) was the recipient of unusually large options trading activity on Tuesday. Investors purchased 18,070 call options on the company. This is an increase of 25% compared to the average volume of 14,425 call options.

Institutional Trading of ProShares UltraShort Bloomberg Crude Oil

Several large investors have recently bought and sold shares of the business. Brookstone Capital Management acquired a new stake in ProShares UltraShort Bloomberg Crude Oil during the first quarter worth about $8,930,000. Jump Financial LLC acquired a new stake in ProShares UltraShort Bloomberg Crude Oil during the second quarter worth about $3,076,000. Quadrature Capital Ltd acquired a new stake in ProShares UltraShort Bloomberg Crude Oil during the third quarter worth about $1,844,000. Tower Research Capital LLC TRC increased its position in ProShares UltraShort Bloomberg Crude Oil by 237.5% during the second quarter. Tower Research Capital LLC TRC now owns 64,182 shares of the exchange traded fund’s stock worth $1,159,000 after purchasing an additional 45,164 shares during the last quarter. Finally, Group One Trading LLC increased its position in ProShares UltraShort Bloomberg Crude Oil by 64.4% during the second quarter. Group One Trading LLC now owns 56,155 shares of the exchange traded fund’s stock worth $1,014,000 after purchasing an additional 21,999 shares during the last quarter.

ProShares UltraShort Bloomberg Crude Oil Stock Performance

NYSEARCA:SCO traded down $0.18 during trading hours on Tuesday, reaching $6.99. 37,661,438 shares of the company were exchanged, compared to its average volume of 24,265,838. The stock’s 50-day moving average is $9.75 and its 200-day moving average is $15.33. ProShares UltraShort Bloomberg Crude Oil has a twelve month low of $6.87 and a twelve month high of $23.33.

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.