ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) Shares Gap Down – Should You Sell?

Posted by Alanna Baker on Jul 29th, 2026

ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $29.59, but opened at $27.34. ProShares UltraShort Bloomberg Crude Oil shares last traded at $27.11, with a volume of 1,069,888 shares traded.

ProShares UltraShort Bloomberg Crude Oil Stock Performance

The business’s fifty day moving average price is $29.42 and its 200-day moving average price is $39.97.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SCO. Cassaday & Co Wealth Management LLC purchased a new position in shares of ProShares UltraShort Bloomberg Crude Oil in the first quarter worth approximately $30,000. JPMorgan Chase & Co. bought a new position in ProShares UltraShort Bloomberg Crude Oil in the 3rd quarter worth $61,000. Raymond James Financial Inc. purchased a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the second quarter worth about $70,000. Waverly Advisors LLC purchased a new stake in ProShares UltraShort Bloomberg Crude Oil during the 1st quarter valued at approximately $83,000. Finally, Simplicity Wealth LLC purchased a new position in ProShares UltraShort Bloomberg Crude Oil during the first quarter valued at $91,000.

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.