ProShares UltraShort Bloomberg Crude Oil Sees Unusually Large Options Volume (NYSEARCA:SCO)

ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) was the recipient of some unusual options trading activity on Monday. Investors bought 19,778 call options on the stock. This is an increase of 295% compared to the average daily volume of 5,002 call options.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Corigliano Investment Advisers LLC acquired a new position in ProShares UltraShort Bloomberg Crude Oil during the fourth quarter valued at $941,000. Jump Financial LLC acquired a new stake in ProShares UltraShort Bloomberg Crude Oil during the 4th quarter worth about $2,526,000. Tower Research Capital LLC TRC raised its stake in shares of ProShares UltraShort Bloomberg Crude Oil by 33.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 52,266 shares of the exchange traded fund’s stock valued at $1,025,000 after buying an additional 13,212 shares during the last quarter. Group One Trading LLC raised its stake in shares of ProShares UltraShort Bloomberg Crude Oil by 99.5% during the 4th quarter. Group One Trading LLC now owns 31,554 shares of the exchange traded fund’s stock valued at $619,000 after buying an additional 15,738 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in shares of ProShares UltraShort Bloomberg Crude Oil in the 3rd quarter valued at about $61,000.

ProShares UltraShort Bloomberg Crude Oil Price Performance

Shares of NYSEARCA SCO traded up $1.17 during mid-day trading on Monday, hitting $9.10. The stock had a trading volume of 47,931,494 shares, compared to its average volume of 12,758,216. The company has a 50 day moving average of $14.32 and a two-hundred day moving average of $17.04. ProShares UltraShort Bloomberg Crude Oil has a twelve month low of $7.68 and a twelve month high of $24.51.

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.