ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report)’s share price gapped down prior to trading on Monday . The stock had previously closed at $29.41, but opened at $27.72. ProShares UltraShort Bloomberg Crude Oil shares last traded at $27.05, with a volume of 866,418 shares changing hands.
ProShares UltraShort Bloomberg Crude Oil Trading Down 1.4%
The company’s fifty day simple moving average is $29.85 and its 200 day simple moving average is $36.83.
Institutional Trading of ProShares UltraShort Bloomberg Crude Oil
Several hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. bought a new position in ProShares UltraShort Bloomberg Crude Oil in the 3rd quarter worth approximately $61,000. Cassaday & Co Wealth Management LLC purchased a new position in ProShares UltraShort Bloomberg Crude Oil in the 1st quarter valued at approximately $30,000. Raymond James Financial Inc. bought a new stake in ProShares UltraShort Bloomberg Crude Oil during the 2nd quarter valued at $70,000. Waverly Advisors LLC bought a new stake in ProShares UltraShort Bloomberg Crude Oil during the 1st quarter valued at $83,000. Finally, Simplicity Wealth LLC purchased a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the first quarter worth $91,000.
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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