Corigliano Investment Advisers LLC Purchases Shares of 48,000 ProShares UltraShort Bloomberg Crude Oil $SCO

Corigliano Investment Advisers LLC acquired a new position in shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) 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.