Group One Trading LLC grew its stake in shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Free Report) by 607.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 223,321 shares of the exchange traded fund’s stock after purchasing an additional 191,767 shares during the quarter. Group One Trading LLC owned approximately 0.14% of ProShares UltraShort Bloomberg Crude Oil worth $1,858,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in SCO. Brookstone Capital Management purchased a new position in shares of ProShares UltraShort Bloomberg Crude Oil in the first quarter worth $8,930,000. Spectrum Financial Alliance Ltd LLC purchased a new stake in ProShares UltraShort Bloomberg Crude Oil during the 1st quarter valued at $5,611,000. Jump Financial LLC purchased a new stake in ProShares UltraShort Bloomberg Crude Oil during the 2nd quarter valued at $3,076,000. Quadrature Capital Ltd bought a new stake in ProShares UltraShort Bloomberg Crude Oil in the 3rd quarter worth $1,844,000. Finally, Bank of New York Mellon Corp bought a new stake in ProShares UltraShort Bloomberg Crude Oil in the 1st quarter worth $832,000.
ProShares UltraShort Bloomberg Crude Oil Stock Performance
SCO stock opened at $26.37 on Thursday. The firm’s 50-day moving average price is $29.18 and its two-hundred day moving average price is $41.43. ProShares UltraShort Bloomberg Crude Oil has a 12-month low of $22.84 and a 12-month high of $84.14.
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.
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Want to see what other hedge funds are holding SCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Free Report).
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