Corigliano Investment Advisers LLC acquired a new position in shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Free Report) during the 4th quarter, Holdings Channel reports. The firm acquired 48,000 shares of the exchange traded fund’s stock, valued at approximately $941,000.
Several other large investors have also recently added to or reduced their stakes in the company. Jump Financial LLC bought a new position in ProShares UltraShort Bloomberg Crude Oil during the 2nd quarter worth $3,076,000. Quadrature Capital Ltd bought a new position in ProShares UltraShort Bloomberg Crude Oil during the 3rd quarter worth $1,844,000. Tower Research Capital LLC TRC increased its position in ProShares UltraShort Bloomberg Crude Oil by 237.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 64,182 shares of the exchange traded fund’s stock worth $1,159,000 after buying an additional 45,164 shares during the period. Group One Trading LLC increased its position in ProShares UltraShort Bloomberg Crude Oil by 64.4% during the 2nd quarter. Group One Trading LLC now owns 56,155 shares of the exchange traded fund’s stock worth $1,014,000 after buying an additional 21,999 shares during the period. Finally, Raymond James Financial Inc. bought a new position in ProShares UltraShort Bloomberg Crude Oil during the 2nd quarter worth $70,000.
ProShares UltraShort Bloomberg Crude Oil Trading Up 2.3%
SCO stock opened at $31.87 on Thursday. The business’s fifty day moving average price is $27.78 and its two-hundred day moving average price is $49.43. ProShares UltraShort Bloomberg Crude Oil has a fifty-two week low of $22.84 and a fifty-two week high of $84.14.
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.
Further Reading
- Five stocks we like better than ProShares UltraShort Bloomberg Crude Oil
- Cheap Thrills: Why These 3 Entertainment Stocks Are Soaring
- CoreWeave Insider Sales Look Big, But Should Investors Worry?
- Critical Metals: Sizing Up This Tiny Rare-Earth Stock Making Big Moves
- Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
Want to see what other hedge funds are holding SCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Free Report).
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.
