Marks Group Wealth Management Inc Takes $528,000 Position in ProShares UltraShort Bloomberg Crude Oil $SCO

Marks Group Wealth Management Inc purchased a new stake in shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) during the first quarter, Holdings Channel reports. The institutional investor purchased 63,500 shares of the exchange traded fund’s stock, valued at approximately $528,000.

A number of other institutional investors also recently modified their holdings of SCO. Brookstone Capital Management bought a new position in ProShares UltraShort Bloomberg Crude Oil in the 1st quarter worth approximately $8,930,000. Spectrum Financial Alliance Ltd LLC bought a new stake in ProShares UltraShort Bloomberg Crude Oil during the 1st quarter valued at $5,611,000. Jump Financial LLC bought a new stake in ProShares UltraShort Bloomberg Crude Oil during the 2nd quarter valued at $3,076,000. Quadrature Capital Ltd purchased a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the third quarter worth $1,844,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of ProShares UltraShort Bloomberg Crude Oil during the first quarter worth $832,000.

ProShares UltraShort Bloomberg Crude Oil Stock Up 1.9%

ProShares UltraShort Bloomberg Crude Oil stock opened at $28.83 on Friday. ProShares UltraShort Bloomberg Crude Oil has a one year low of $22.84 and a one year high of $84.14. The business has a fifty day moving average price of $29.08 and a 200-day moving average price of $42.86.

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.