ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $25.15, but opened at $24.08. ProShares UltraShort Bloomberg Crude Oil shares last traded at $23.78, with a volume of 1,871,412 shares traded.
ProShares UltraShort Bloomberg Crude Oil Stock Performance
The stock has a 50 day moving average price of $29.07 and a 200 day moving average price of $33.15.
Institutional Investors Weigh In On ProShares UltraShort Bloomberg Crude Oil
Several hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. acquired a new position in ProShares UltraShort Bloomberg Crude Oil in the 3rd quarter valued at approximately $61,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil in the first quarter worth $30,000. Raymond James Financial Inc. bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil in the second quarter worth $70,000. Waverly Advisors LLC acquired a new stake in ProShares UltraShort Bloomberg Crude Oil in the first quarter valued at $83,000. Finally, Simplicity Wealth LLC acquired a new stake in ProShares UltraShort Bloomberg Crude Oil in the first quarter valued at $91,000.
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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