Shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $27.15, but opened at $29.10. ProShares UltraShort Bloomberg Crude Oil shares last traded at $29.31, with a volume of 1,231,412 shares.
ProShares UltraShort Bloomberg Crude Oil Stock Up 5.6%
The business’s fifty day simple moving average is $29.68 and its two-hundred day simple moving average is $38.38.
Institutional Investors Weigh In On ProShares UltraShort Bloomberg Crude Oil
Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. acquired a new stake in ProShares UltraShort Bloomberg Crude Oil during the third quarter worth about $61,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil in the 1st quarter worth approximately $30,000. Raymond James Financial Inc. bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil in the 2nd quarter worth approximately $70,000. Waverly Advisors LLC bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil in the 1st quarter worth approximately $83,000. Finally, Simplicity Wealth LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the 1st quarter worth approximately $91,000.
About ProShares UltraShort Bloomberg Crude Oil
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.
Further Reading
- Five stocks we like better than ProShares UltraShort Bloomberg Crude Oil
- The Real Reason Amazon Hit a $3 Trillion Valuation
- System Upgrade: First Internet Bancorp Options Surge
- AI Security Breaches Raise New Risks for Microsoft and Amazon’s Agent Push
- The AI Chip Blockade Is Creating a Shadow Market
Receive News & Ratings for ProShares UltraShort Bloomberg Crude Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort Bloomberg Crude Oil and related companies with MarketBeat.com's FREE daily email newsletter.
