Marks Group Wealth Management Inc purchased a new position in shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 63,500 shares of the exchange traded fund’s stock, valued at approximately $528,000.
Other hedge funds also recently modified their holdings of the company. Brookstone Capital Management purchased a new position in ProShares UltraShort Bloomberg Crude Oil in the first quarter valued at approximately $8,930,000. Spectrum Financial Alliance Ltd LLC purchased a new stake in ProShares UltraShort Bloomberg Crude Oil in the first quarter worth $5,611,000. Jump Financial LLC bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil in the second quarter valued at $3,076,000. Quadrature Capital Ltd bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil in the third quarter valued at $1,844,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil in the first quarter valued at $832,000.
ProShares UltraShort Bloomberg Crude Oil Stock Up 1.9%
Shares of NYSEARCA SCO opened at $28.83 on Friday. ProShares UltraShort Bloomberg Crude Oil has a one year low of $22.84 and a one year high of $84.14. The business’s fifty day moving average price is $29.08 and its 200-day moving average price is $42.86.
ProShares UltraShort Bloomberg Crude Oil 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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