ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) Stock Pass Above 200-Day Moving Average of $18.02

ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $18.02 and traded as high as $18.15. ProShares UltraShort Bloomberg Crude Oil shares last traded at $18.13, with a volume of 3,248,462 shares trading hands.

ProShares UltraShort Bloomberg Crude Oil Stock Down 1.3 %

The stock’s fifty day simple moving average is $16.18 and its two-hundred day simple moving average is $18.02.

Hedge Funds Weigh In On ProShares UltraShort Bloomberg Crude Oil

Hedge funds and other institutional investors have recently made changes to their positions in the business. Atomi Financial Group Inc. increased its position in shares of ProShares UltraShort Bloomberg Crude Oil by 12.4% in the 3rd quarter. Atomi Financial Group Inc. now owns 12,199 shares of the exchange traded fund’s stock worth $205,000 after purchasing an additional 1,342 shares during the last quarter. Tower Research Capital LLC TRC grew its position in ProShares UltraShort Bloomberg Crude Oil by 5,800.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 25,667 shares of the exchange traded fund’s stock worth $432,000 after purchasing an additional 25,232 shares during the last quarter. Finally, IMC Chicago LLC grew its position in ProShares UltraShort Bloomberg Crude Oil by 287.8% in the 1st quarter. IMC Chicago LLC now owns 99,776 shares of the exchange traded fund’s stock worth $1,598,000 after purchasing an additional 74,044 shares during the last quarter.

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.