Proshares Trust II (NYSEARCA:SCO) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 1,316,344 shares, an increase of 100.4% from the October 13th total of 656,763 shares. Based on an average trading volume of 1,399,161 shares, the short-interest ratio is currently 0.9 days.

Hedge funds and other institutional investors have recently modified their holdings of the business. Sterling Global Strategies LLC purchased a new position in shares of Proshares Trust II in the 3rd quarter valued at about $245,000. Crow Point Partners LLC purchased a new position in shares of Proshares Trust II in the 3rd quarter valued at about $459,000. Financial Counselors Inc. purchased a new position in shares of Proshares Trust II in the 3rd quarter valued at about $840,000. Goodwin Daniel L purchased a new position in shares of Proshares Trust II in the 3rd quarter valued at about $1,518,000. Finally, Royal Bank of Canada increased its holdings in shares of Proshares Trust II by 56.0% in the 2nd quarter. Royal Bank of Canada now owns 107,644 shares of the exchange traded fund’s stock valued at $4,651,000 after acquiring an additional 38,650 shares during the last quarter.

Proshares Trust II (NYSEARCA:SCO) opened at $27.85 on Tuesday. Proshares Trust II has a 12 month low of $26.70 and a 12 month high of $52.16.

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