Brookstone Capital Management Purchases New Holdings in ProShares UltraShort Bloomberg Crude Oil $SCO

Brookstone Capital Management purchased a new stake in shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,073,347 shares of the exchange traded fund’s stock, valued at approximately $8,930,000.

A number of other hedge funds have also bought and sold shares of the business. Jump Financial LLC bought a new position in ProShares UltraShort Bloomberg Crude Oil in the 2nd quarter valued at $3,076,000. Quadrature Capital Ltd purchased a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the 3rd quarter valued at $1,844,000. Tower Research Capital LLC TRC raised its stake in shares of 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 purchasing an additional 45,164 shares during the period. Group One Trading LLC raised its stake in shares of 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 purchasing an additional 21,999 shares during the period. Finally, Corigliano Investment Advisers LLC purchased a new position in shares of ProShares UltraShort Bloomberg Crude Oil in the 4th quarter worth about $941,000.

ProShares UltraShort Bloomberg Crude Oil Stock Performance

SCO opened at $32.72 on Tuesday. The firm has a 50-day moving average of $27.79 and a 200 day moving average of $48.52. 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 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.