ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) Reaches New 1-Year Low – Time to Sell?

Posted by Trevor Kearing on Sep 1st, 2026

ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $22.62 and last traded at $22.83, with a volume of 6459826 shares traded. The stock had previously closed at $23.97.

ProShares UltraShort Bloomberg Crude Oil Price Performance

The stock has a 50-day moving average of $28.89 and a 200 day moving average of $32.88.

Institutional Investors Weigh In On ProShares UltraShort Bloomberg Crude Oil

A number of large investors have recently bought and sold shares of SCO. Cassaday & Co Wealth Management LLC bought a new position in ProShares UltraShort Bloomberg Crude Oil in the 1st quarter valued at about $30,000. JPMorgan Chase & Co. bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the 3rd quarter worth approximately $61,000. Raymond James Financial Inc. bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the 2nd quarter worth approximately $70,000. Waverly Advisors LLC bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the 1st quarter worth approximately $83,000. Finally, Simplicity Wealth LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the 1st quarter worth approximately $91,000.

About ProShares UltraShort Bloomberg Crude Oil

(Get Free Report)

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.