ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report) shares shot up 12.7% during trading on Wednesday. The company traded as high as $19.17 and last traded at $19.17. 7,625,767 shares traded hands during trading, an increase of 8% from the average session volume of 7,064,031 shares. The stock had previously closed at $17.01.
ProShares UltraShort Bloomberg Crude Oil Stock Performance
The business has a 50-day moving average of $19.59 and a two-hundred day moving average of $32.66.
Institutional Inflows and Outflows
Hedge funds and other 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 during the 1st quarter worth about $144,000. Integrated Investment Consultants LLC bought a new stake in ProShares UltraShort Bloomberg Crude Oil in the first quarter valued at about $946,000. Arkadios Wealth Advisors bought a new stake in ProShares UltraShort Bloomberg Crude Oil in the first quarter valued at about $108,000. Talon Private Wealth LLC bought a new stake in ProShares UltraShort Bloomberg Crude Oil in the first quarter valued at about $8,517,000. Finally, Waverly Advisors LLC acquired a new position in ProShares UltraShort Bloomberg Crude Oil in the first quarter worth about $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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