Bogart Wealth LLC Makes New $191,000 Investment in ProShares UltraShort Bloomberg Crude Oil $SCO

Bogart Wealth LLC acquired a new position in ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) in the 1st quarter, HoldingsChannel reports. The firm acquired 23,000 shares of the exchange traded fund’s stock, valued at approximately $191,000.

A number of other large investors also recently modified their holdings of the stock. Brookstone Capital Management purchased a new stake in ProShares UltraShort Bloomberg Crude Oil in the 1st quarter valued at $8,930,000. Jump Financial LLC purchased a new position in ProShares UltraShort Bloomberg Crude Oil during the 2nd quarter worth $3,076,000. Quadrature Capital Ltd purchased a new position in ProShares UltraShort Bloomberg Crude Oil during the 3rd quarter worth $1,844,000. Corigliano Investment Advisers LLC bought a new stake in shares of ProShares UltraShort Bloomberg Crude Oil in the 4th quarter worth $941,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of ProShares UltraShort Bloomberg Crude Oil by 237.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 64,182 shares of the exchange traded fund’s stock worth $1,159,000 after acquiring an additional 45,164 shares in the last quarter.

ProShares UltraShort Bloomberg Crude Oil Trading Down 1.0%

Shares of SCO stock opened at $35.25 on Tuesday. The firm has a 50-day moving average of $28.56 and a 200-day moving average of $45.56. ProShares UltraShort Bloomberg Crude Oil has a one year low of $22.84 and a one year 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.