ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) Short Interest Update

ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 1,471,462 shares, a decrease of 75.4% from the May 31st total of 5,986,244 shares. Approximately 3.7% of the company’s shares are sold short. Based on an average daily trading volume, of 10,069,730 shares, the short-interest ratio is presently 0.1 days.

ProShares UltraShort Bloomberg Crude Oil Stock Up 5.4%

SCO stock traded up $1.82 during midday trading on Friday, hitting $35.60. The stock had a trading volume of 7,387,664 shares, compared to its average volume of 8,420,189. ProShares UltraShort Bloomberg Crude Oil has a 12-month low of $22.84 and a 12-month high of $84.14. The company’s 50-day moving average price is $28.03 and its 200 day moving average price is $47.59.

Institutional Investors Weigh In On ProShares UltraShort Bloomberg Crude Oil

Hedge funds have recently made changes to their positions in the business. Brookstone Capital Management acquired a new position in ProShares UltraShort Bloomberg Crude Oil in the first quarter valued at $8,930,000. Corigliano Investment Advisers LLC purchased a new position in ProShares UltraShort Bloomberg Crude Oil during the fourth quarter worth about $941,000. JPMorgan Chase & Co. acquired a new stake in ProShares UltraShort Bloomberg Crude Oil in the 3rd quarter worth about $61,000. Integrated Investment Consultants LLC acquired a new stake in ProShares UltraShort Bloomberg Crude Oil in the 1st quarter worth about $946,000. Finally, Talon Private Wealth LLC purchased a new stake in ProShares UltraShort Bloomberg Crude Oil in the 1st quarter valued at about $8,517,000.

ProShares UltraShort Bloomberg Crude Oil Company Profile

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.