ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) Shares Up 6.3% – Still a Buy?

Posted by Stacy Sanders on Jun 26th, 2026

ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report)’s share price shot up 6.3% during mid-day trading on Friday . The stock traded as high as $35.90 and last traded at $35.90. Approximately 1,600,045 shares were traded during mid-day trading, a decline of 81% from the average session volume of 8,373,154 shares. The stock had previously closed at $33.78.

ProShares UltraShort Bloomberg Crude Oil Trading Up 6.5%

The firm’s fifty day simple moving average is $27.94 and its two-hundred day simple moving average is $47.67.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Brookstone Capital Management bought a new position in ProShares UltraShort Bloomberg Crude Oil in the 1st quarter worth $8,930,000. Talon Private Wealth LLC bought a new stake in ProShares UltraShort Bloomberg Crude Oil during the first quarter valued at about $8,517,000. Spectrum Financial Alliance Ltd LLC purchased a new position in shares of ProShares UltraShort Bloomberg Crude Oil in the first quarter valued at about $5,611,000. Group One Trading LLC lifted its position in shares of ProShares UltraShort Bloomberg Crude Oil by 607.7% in the first quarter. Group One Trading LLC now owns 223,321 shares of the exchange traded fund’s stock valued at $1,858,000 after acquiring an additional 191,767 shares in the last quarter. Finally, Jump Financial LLC bought a new position in shares of ProShares UltraShort Bloomberg Crude Oil in the second quarter worth about $3,076,000.

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.