Shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report) passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $19.10 and traded as high as $20.35. ProShares UltraShort Bloomberg Crude Oil shares last traded at $19.74, with a volume of 7,916,395 shares trading hands.
ProShares UltraShort Bloomberg Crude Oil Stock Performance
The stock has a 50-day moving average of $18.97 and a 200 day moving average of $31.09.
Institutional Trading of ProShares UltraShort Bloomberg Crude Oil
Several institutional investors have recently made changes to their positions in the company. Talon Private Wealth LLC purchased a new stake in ProShares UltraShort Bloomberg Crude Oil in the 1st quarter valued at about $8,517,000. Group One Trading LLC lifted its stake in 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 worth $1,858,000 after acquiring an additional 191,767 shares during the last quarter. Integrated Investment Consultants LLC purchased a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the 1st quarter worth $946,000. Bank of New York Mellon Corp purchased a new stake in ProShares UltraShort Bloomberg Crude Oil during the 1st quarter worth about $832,000. Finally, Marks Group Wealth Management Inc acquired a new position in ProShares UltraShort Bloomberg Crude Oil in the first quarter valued at approximately $528,000.
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.
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