ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $17.73 and traded as high as $20.66. ProShares UltraShort Bloomberg Crude Oil shares last traded at $20.14, with a volume of 944,605 shares changing hands.
ProShares UltraShort Bloomberg Crude Oil Price Performance
The business’s 50-day simple moving average is $18.59 and its two-hundred day simple moving average is $17.73.
Institutional Trading of 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. raised its position in ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Free Report) by 5.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,347 shares of the exchange traded fund’s stock after buying an additional 2,000 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.32% of ProShares UltraShort Bloomberg Crude Oil worth $693,000 at the end of the most recent reporting period.
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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