Brookstone Capital Management bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,073,347 shares of the exchange traded fund’s stock, valued at approximately $8,930,000. Brookstone Capital Management owned about 0.77% of ProShares UltraShort Bloomberg Crude Oil as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. bought a new position in ProShares UltraShort Bloomberg Crude Oil during the 3rd quarter valued at $61,000. Raymond James Financial Inc. bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil in the 2nd quarter worth $70,000. Group One Trading LLC grew its stake in shares of ProShares UltraShort Bloomberg Crude Oil by 99.5% in the 4th quarter. Group One Trading LLC now owns 31,554 shares of the exchange traded fund’s stock worth $619,000 after acquiring an additional 15,738 shares in the last quarter. Corigliano Investment Advisers LLC purchased a new stake in shares of ProShares UltraShort Bloomberg Crude Oil in the fourth quarter valued at about $941,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of ProShares UltraShort Bloomberg Crude Oil by 33.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 52,266 shares of the exchange traded fund’s stock valued at $1,025,000 after purchasing an additional 13,212 shares during the last quarter.
ProShares UltraShort Bloomberg Crude Oil Price Performance
SCO opened at $32.72 on Tuesday. The company’s 50-day moving average is $27.79 and its 200 day moving average is $48.52. ProShares UltraShort Bloomberg Crude Oil has a fifty-two week low of $22.84 and a fifty-two week high of $84.14.
ProShares UltraShort Bloomberg Crude Oil Company Profile
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.
Recommended Stories
- Five stocks we like better than ProShares UltraShort Bloomberg Crude Oil
- Buy CrowdStrike Before the Stock Split? Here’s the Case
- Investors Are Buying Into Sweetgreen Again—Should They?
- Burlington Is Winning Over Shoppers But Investors Need Patience
- USA Today’s Digital Revival Is Gaining Steam, But With Plenty of Risk
Want to see what other hedge funds are holding SCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Free Report).
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.
