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

ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCOGet Free Report) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 470,400 shares, a growth of 182.6% from the February 12th total of 166,462 shares. Based on an average daily volume of 2,430,058 shares, the short-interest ratio is currently 0.2 days. Approximately 6.2% of the shares of the stock are sold short. Approximately 6.2% of the shares of the stock are sold short. Based on an average daily volume of 2,430,058 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On ProShares UltraShort Bloomberg Crude Oil

A number of large investors have recently added to or reduced their stakes in SCO. Jump Financial LLC purchased a new position in ProShares UltraShort Bloomberg Crude Oil during the 2nd quarter valued at about $3,076,000. Quadrature Capital Ltd purchased a new position in shares of ProShares UltraShort Bloomberg Crude Oil during the 3rd quarter worth approximately $1,844,000. Corigliano Investment Advisers LLC purchased a new position in shares of ProShares UltraShort Bloomberg Crude Oil during the 4th quarter worth approximately $941,000. Tower Research Capital LLC TRC raised its position in shares of ProShares UltraShort Bloomberg Crude Oil by 237.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 64,182 shares of the exchange traded fund’s stock worth $1,159,000 after purchasing an additional 45,164 shares during the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in ProShares UltraShort Bloomberg Crude Oil in the 2nd quarter valued at approximately $563,000.

ProShares UltraShort Bloomberg Crude Oil Stock Down 4.8%

SCO traded down $0.49 during trading on Wednesday, reaching $9.65. 31,151,731 shares of the stock were exchanged, compared to its average volume of 7,740,053. ProShares UltraShort Bloomberg Crude Oil has a 1 year low of $9.00 and a 1 year high of $24.51. The business’s 50 day moving average price is $16.08 and its two-hundred day moving average price is $17.51.

About ProShares UltraShort Bloomberg Crude Oil

(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.

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