ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) Shares Pass Above 200 Day Moving Average – Here’s What Happened

ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.56 and traded as high as $17.65. ProShares UltraShort Bloomberg Crude Oil shares last traded at $17.29, with a volume of 905,743 shares traded.

ProShares UltraShort Bloomberg Crude Oil Trading Up 0.5 %

The business has a fifty day moving average of $16.47 and a 200 day moving average of $17.58.

Institutional Trading of ProShares UltraShort Bloomberg Crude Oil

A hedge fund recently bought a new stake in ProShares UltraShort Bloomberg Crude Oil stock. Atomi Financial Group Inc. acquired a new position in ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,379 shares of the exchange traded fund’s stock, valued at approximately $176,000. Atomi Financial Group Inc. owned approximately 0.09% of ProShares UltraShort Bloomberg Crude Oil as of its most recent filing with the Securities and Exchange Commission.

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.