1 day Ago By ABMN Staff
ProShares UltraShort Bloomberg Crude Oil ( NYSEARCA:SCO – Get Free Report )’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $16.75 and traded as high as $19.
58. ProShares UltraShort Bloomberg Crude Oil shares last traded at $19.49, with a volume of 2,211,557 shares traded.
ProShares UltraShort Bloomberg Crude Oil Stock Performance The business has a 50 day moving average of $17.60 and a 200-day moving average of $16.75.
Institutional Inflows and Outflows An institutional investor recently raised its position in ProShares UltraShort Bloomberg Crude Oil stock. IMC Chicago LLC grew its holdings in shares of ProShares UltraShort Bloomberg Crude Oil ( NYSEARCA:SCO – Free Report ) by 287.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The fund owned 99,776 shares of the exchange traded fund’s stock after acquiring an additional 74,044 shares during the quarter. IMC Chicago LLC owned about 0.88% of ProShares UltraShort Bloomberg Crude Oil worth $1,598,000 at the end of the most recent quarter.
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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