ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as $19.28 and last traded at $19.41, with a volume of 5395093 shares trading hands. The stock had previously closed at $19.85.
ProShares UltraShort Bloomberg Crude Oil Price Performance
The business’s 50-day simple moving average is $23.99 and its 200 day simple moving average is $27.81.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC bought a new position in shares of ProShares UltraShort Bloomberg Crude Oil in the 1st quarter worth approximately $144,000. Marks Group Wealth Management Inc purchased a new position in shares of ProShares UltraShort Bloomberg Crude Oil during the 1st quarter worth $528,000. Bank of New York Mellon Corp bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the 1st quarter valued at $832,000. IMC Chicago LLC increased its stake in shares of ProShares UltraShort Bloomberg Crude Oil by 156.1% in the 1st quarter. IMC Chicago LLC now owns 47,102 shares of the exchange traded fund’s stock worth $392,000 after purchasing an additional 28,710 shares in the last quarter. Finally, Talon Private Wealth LLC purchased a new position in ProShares UltraShort Bloomberg Crude Oil during the first quarter valued at $8,517,000.
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.
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