IMC Chicago LLC boosted its holdings in shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Free Report) by 156.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,102 shares of the exchange traded fund’s stock after buying an additional 28,710 shares during the period. IMC Chicago LLC’s holdings in ProShares UltraShort Bloomberg Crude Oil were worth $392,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new stake in ProShares UltraShort Bloomberg Crude Oil during the 3rd quarter worth about $61,000. Raymond James Financial Inc. acquired a new position in shares of ProShares UltraShort Bloomberg Crude Oil in the 2nd quarter valued at about $70,000. Simplicity Wealth LLC acquired a new position in shares of ProShares UltraShort Bloomberg Crude Oil in the 1st quarter valued at about $91,000. Tower Research Capital LLC TRC lifted its position in shares of ProShares UltraShort Bloomberg Crude Oil by 33.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 52,266 shares of the exchange traded fund’s stock worth $1,025,000 after purchasing an additional 13,212 shares in the last quarter. Finally, Group One Trading LLC lifted its position in shares of ProShares UltraShort Bloomberg Crude Oil by 99.5% in the fourth quarter. Group One Trading LLC now owns 31,554 shares of the exchange traded fund’s stock worth $619,000 after purchasing an additional 15,738 shares in the last quarter.
ProShares UltraShort Bloomberg Crude Oil Stock Performance
SCO stock opened at $28.83 on Friday. The firm has a 50 day simple moving average of $29.08 and a 200 day simple moving average of $42.86. 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.
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