Shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report) reached a new 52-week low on Wednesday . The stock traded as low as $19.48 and last traded at $19.66, with a volume of 11442808 shares traded. The stock had previously closed at $20.40.
ProShares UltraShort Bloomberg Crude Oil Trading Down 3.6%
The firm has a fifty day simple moving average of $25.95 and a 200-day simple moving average of $29.84.
Hedge Funds Weigh In On ProShares UltraShort Bloomberg Crude Oil
Large investors have recently made changes to their positions in the company. NewEdge Advisors LLC bought a new stake in ProShares UltraShort Bloomberg Crude Oil during the 1st quarter worth about $144,000. Integrated Investment Consultants LLC bought a new position in shares of ProShares UltraShort Bloomberg Crude Oil in the 1st quarter valued at about $946,000. Arkadios Wealth Advisors bought a new position in shares of ProShares UltraShort Bloomberg Crude Oil in the 1st quarter valued at about $108,000. Talon Private Wealth LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the 1st quarter worth approximately $8,517,000. Finally, Waverly Advisors LLC bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the first quarter worth approximately $83,000.
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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