ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.52 and traded as high as $18.88. ProShares UltraShort Bloomberg Crude Oil shares last traded at $18.64, with a volume of 3,221,850 shares.
ProShares UltraShort Bloomberg Crude Oil Price Performance
The company’s 50-day simple moving average is $17.43 and its 200-day simple moving average is $17.53.
Hedge Funds Weigh In On ProShares UltraShort Bloomberg Crude Oil
An institutional investor recently raised its position in ProShares UltraShort Bloomberg Crude Oil stock. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Free Report) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,347 shares of the exchange traded fund’s stock after buying an additional 2,000 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.32% of ProShares UltraShort Bloomberg Crude Oil worth $693,000 as of its most recent filing with the Securities and Exchange Commission.
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.
See Also
- Five stocks we like better than ProShares UltraShort Bloomberg Crude Oil
- ETF Screener: Uses and Step-by-Step Guide
- Conagra Stock Could Thrive as Tariffs Hit Other Sectors
- Investing In Automotive Stocks
- Grocery Costs and Tariffs Now Top of Mind in Everyday Conversations, New Survey Finds
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- Spotify Stock Eyes Double-Digit Upside—Is Now the Time to Buy?
Receive News & Ratings for ProShares UltraShort Bloomberg Crude Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort Bloomberg Crude Oil and related companies with MarketBeat.com's FREE daily email newsletter.
