ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report) was the recipient of unusually large options trading on Wednesday. Stock investors bought 16,859 call options on the company. This represents an increase of 88% compared to the average daily volume of 8,981 call options.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in SCO. Jump Financial LLC bought a new position in ProShares UltraShort Bloomberg Crude Oil during the 2nd quarter worth $3,076,000. Quadrature Capital Ltd bought a new position in ProShares UltraShort Bloomberg Crude Oil during the 3rd quarter worth $1,844,000. Corigliano Investment Advisers LLC bought a new position in ProShares UltraShort Bloomberg Crude Oil during the 4th quarter worth $941,000. Tower Research Capital LLC TRC grew its stake in ProShares UltraShort Bloomberg Crude Oil by 237.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 64,182 shares of the exchange traded fund’s stock worth $1,159,000 after buying an additional 45,164 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new position in ProShares UltraShort Bloomberg Crude Oil during the 2nd quarter worth $563,000.
ProShares UltraShort Bloomberg Crude Oil Price Performance
SCO traded up $0.68 during trading on Wednesday, reaching $8.58. 31,262,200 shares of the company were exchanged, compared to its average volume of 19,197,400. The firm has a 50 day moving average of $12.02 and a 200 day moving average of $16.28. ProShares UltraShort Bloomberg Crude Oil has a 52 week low of $7.56 and a 52 week high of $24.51.
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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