Nicholson Wealth Management Group LLC acquired a new position in ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 21,002 shares of the exchange traded fund’s stock, valued at approximately $175,000.
A number of other large investors have also recently made changes to their positions in the business. Brookstone Capital Management bought a new stake in ProShares UltraShort Bloomberg Crude Oil in the first quarter valued at $8,930,000. Spectrum Financial Alliance Ltd LLC purchased a new position in shares of ProShares UltraShort Bloomberg Crude Oil during the first quarter valued at about $5,611,000. Jump Financial LLC purchased a new position in shares of ProShares UltraShort Bloomberg Crude Oil during the second quarter valued at about $3,076,000. Quadrature Capital Ltd bought a new position in ProShares UltraShort Bloomberg Crude Oil in the third quarter worth about $1,844,000. Finally, Tower Research Capital LLC TRC lifted its holdings in ProShares UltraShort Bloomberg Crude Oil by 237.5% in 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 buying an additional 45,164 shares during the period.
ProShares UltraShort Bloomberg Crude Oil Stock Down 12.2%
ProShares UltraShort Bloomberg Crude Oil stock opened at $29.10 on Tuesday. ProShares UltraShort Bloomberg Crude Oil has a fifty-two week low of $22.84 and a fifty-two week high of $84.14. The stock’s 50 day simple moving average is $29.00 and its two-hundred day simple moving average is $43.89.
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.
Read More
- Five stocks we like better than ProShares UltraShort Bloomberg Crude Oil
- The SK Hynix IPO and 2027’s AI Memory Squeeze
- Meta Platforms Stock Rises as Muse Spark 1.1 AI Model Debuts
- Why Welltower’s Growth Story Might Outrun Its Rich Valuation
- One Short- and One Long-Term ETF for Quantum Computing Bulls
Receive News & Ratings for ProShares UltraShort Bloomberg Crude Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort Bloomberg Crude Oil and related companies with MarketBeat.com's FREE daily email newsletter.
