ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) Hits New 12-Month Low – What’s Next?

Posted by Paula Ricardo on Oct 19th, 2026

ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report)’s share price hit a new 52-week low during trading on Monday. The company traded as low as $16.42 and last traded at $16.45, with a volume of 2,757,351 shares trading hands. The stock had previously closed at $16.58.

ProShares UltraShort Bloomberg Crude Oil Stock Down 1.0%

The firm has a fifty day simple moving average of $21.64 and a 200-day simple moving average of $26.60.

Hedge Funds Weigh In On ProShares UltraShort Bloomberg Crude Oil

Institutional investors have recently modified their holdings of the company. Cassaday & Co Wealth Management LLC bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the first quarter worth about $30,000. Waverly Advisors LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Crude Oil in the 1st quarter worth about $83,000. Simplicity Wealth LLC bought a new position in ProShares UltraShort Bloomberg Crude Oil in the 1st quarter valued at about $91,000. Arkadios Wealth Advisors bought a new position in ProShares UltraShort Bloomberg Crude Oil in the 1st quarter valued at about $108,000. Finally, NewEdge Advisors LLC bought a new position in ProShares UltraShort Bloomberg Crude Oil in the 1st quarter valued at about $144,000.

ProShares UltraShort Bloomberg Crude Oil Company Profile

(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.