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

ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 1,252,169 shares, a decline of 32.7% from the July 30th total of 1,859,987 shares. Approximately 5.1% of the shares of the company are sold short. Based on an average daily trading volume, of 3,944,676 shares, the short-interest ratio is presently 0.3 days.

ProShares UltraShort Bloomberg Crude Oil Trading Up 0.2%

Shares of NYSEARCA SCO opened at $22.54 on Thursday. ProShares UltraShort Bloomberg Crude Oil has a twelve month low of $22.36 and a twelve month high of $84.14. The stock has a 50 day moving average of $28.42 and a two-hundred day moving average of $32.32.

Institutional Investors Weigh In On ProShares UltraShort Bloomberg Crude Oil

Several large investors have recently modified their holdings of the stock. Brookstone Capital Management purchased a new position in ProShares UltraShort Bloomberg Crude Oil in the 1st quarter valued at $8,930,000. Talon Private Wealth LLC acquired a new position in ProShares UltraShort Bloomberg Crude Oil in the 1st quarter valued at $8,517,000. Spectrum Financial Alliance Ltd LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Crude Oil in the 1st quarter worth $5,611,000. Group One Trading LLC boosted its holdings 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 purchased a new stake in shares of ProShares UltraShort Bloomberg Crude Oil in the second quarter valued at about $3,076,000.

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.