Spectrum Financial Alliance Ltd LLC Invests $5.61 Million in ProShares UltraShort Bloomberg Crude Oil $SCO

Spectrum Financial Alliance Ltd LLC purchased a new position in ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 674,350 shares of the exchange traded fund’s stock, valued at approximately $5,611,000. ProShares UltraShort Bloomberg Crude Oil makes up about 1.1% of Spectrum Financial Alliance Ltd LLC’s portfolio, making the stock its 16th largest holding. Spectrum Financial Alliance Ltd LLC owned about 0.47% of ProShares UltraShort Bloomberg Crude Oil as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in SCO. JPMorgan Chase & Co. acquired a new position in ProShares UltraShort Bloomberg Crude Oil in the third quarter valued at approximately $61,000. Raymond James Financial Inc. acquired a new stake in ProShares UltraShort Bloomberg Crude Oil during the 2nd quarter worth $70,000. Bogart Wealth LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the first quarter worth about $191,000. Group One Trading LLC boosted its position in shares of ProShares UltraShort Bloomberg Crude Oil by 99.5% in the 4th quarter. Group One Trading LLC now owns 31,554 shares of the exchange traded fund’s stock valued at $619,000 after purchasing an additional 15,738 shares during the period. Finally, Corigliano Investment Advisers LLC acquired a new position in ProShares UltraShort Bloomberg Crude Oil during the fourth quarter worth approximately $941,000.

ProShares UltraShort Bloomberg Crude Oil Stock Up 0.0%

SCO stock traded up $0.01 on Friday, hitting $33.15. The company’s stock had a trading volume of 3,055,509 shares, compared to its average volume of 8,081,875. The firm has a 50 day moving average of $28.94 and a two-hundred day moving average of $44.46. ProShares UltraShort Bloomberg Crude Oil has a 1 year low of $22.84 and a 1 year high of $84.14.

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.