Nicholson Wealth Management Group LLC Invests $175,000 in ProShares UltraShort Bloomberg Crude Oil $SCO

Nicholson Wealth Management Group LLC purchased a new position in ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 21,002 shares of the exchange traded fund’s stock, valued at approximately $175,000.

A number of other large investors also recently bought and sold shares of the business. Brookstone Capital Management bought a new stake in ProShares UltraShort Bloomberg Crude Oil during the first quarter worth about $8,930,000. Spectrum Financial Alliance Ltd LLC purchased a new stake in ProShares UltraShort Bloomberg Crude Oil in the first quarter worth about $5,611,000. Jump Financial LLC bought a new position in shares of ProShares UltraShort Bloomberg Crude Oil during the second quarter valued at approximately $3,076,000. Quadrature Capital Ltd bought a new position in shares of ProShares UltraShort Bloomberg Crude Oil during the third quarter valued at approximately $1,844,000. Finally, Corigliano Investment Advisers LLC bought a new position in shares of ProShares UltraShort Bloomberg Crude Oil during the fourth quarter valued at approximately $941,000.

ProShares UltraShort Bloomberg Crude Oil Trading Down 12.2%

SCO stock opened at $29.10 on Tuesday. The firm has a 50 day moving average price of $29.00 and a 200-day moving average price of $43.89. ProShares UltraShort Bloomberg Crude Oil has a 52-week low of $22.84 and a 52-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.