Corigliano Investment Advisers LLC acquired a new position in shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 48,000 shares of the exchange traded fund’s stock, valued at approximately $941,000. Corigliano Investment Advisers LLC owned 0.63% of ProShares UltraShort Bloomberg Crude Oil at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCO. Jump Financial LLC bought a new position in ProShares UltraShort Bloomberg Crude Oil during the second quarter worth $3,076,000. Raymond James Financial Inc. bought a new position in ProShares UltraShort Bloomberg Crude Oil during the second quarter worth $70,000. Group One Trading LLC boosted its position in ProShares UltraShort Bloomberg Crude Oil by 64.4% during the second quarter. Group One Trading LLC now owns 56,155 shares of the exchange traded fund’s stock worth $1,014,000 after purchasing an additional 21,999 shares during the period. Tower Research Capital LLC TRC boosted its position in ProShares UltraShort Bloomberg Crude Oil by 237.5% during the second quarter. Tower Research Capital LLC TRC now owns 64,182 shares of the exchange traded fund’s stock worth $1,159,000 after purchasing an additional 45,164 shares during the period. Finally, JPMorgan Chase & Co. bought a new position in ProShares UltraShort Bloomberg Crude Oil during the third quarter worth $61,000.
ProShares UltraShort Bloomberg Crude Oil Stock Up 2.3%
SCO stock opened at $31.87 on Thursday. The company has a fifty day moving average price of $27.78 and a two-hundred day moving average price of $49.43. ProShares UltraShort Bloomberg Crude Oil has a one year low of $22.84 and a one year high of $84.14.
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.
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