ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) Shares Pass Above 200 Day Moving Average – Here’s Why

ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $18.13 and traded as high as $19.47. ProShares UltraShort Bloomberg Crude Oil shares last traded at $19.46, with a volume of 948,674 shares trading hands.

ProShares UltraShort Bloomberg Crude Oil Stock Performance

The stock has a 50 day moving average price of $19.79 and a 200 day moving average price of $18.13.

Institutional Trading of ProShares UltraShort Bloomberg Crude Oil

An institutional investor recently bought a new position in ProShares UltraShort Bloomberg Crude Oil stock. Atomi Financial Group Inc. acquired a new position in ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,379 shares of the exchange traded fund’s stock, valued at approximately $176,000. Atomi Financial Group Inc. owned about 0.09% of ProShares UltraShort Bloomberg Crude Oil as of its most recent filing with the Securities and Exchange Commission.

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.