ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) Stock Price Pass Above 200 Day Moving Average of $17.66

ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $17.66 and traded as high as $17.83. ProShares UltraShort Bloomberg Crude Oil shares last traded at $17.56, with a volume of 62,294 shares.

The firm’s 50 day simple moving average is $17.56 and its 200-day simple moving average is $17.66.

Several hedge funds have recently made changes to their positions in SCO. XR Securities LLC acquired a new position in shares of ProShares UltraShort Bloomberg Crude Oil during the 2nd quarter valued at about $455,000. Morgan Stanley boosted its position in shares of ProShares UltraShort Bloomberg Crude Oil by 254.6% during the 2nd quarter. Morgan Stanley now owns 15,271 shares of the exchange traded fund’s stock valued at $261,000 after acquiring an additional 10,964 shares during the last quarter. First National Corp MA ADV raised its holdings in ProShares UltraShort Bloomberg Crude Oil by 8.6% in the 2nd quarter. First National Corp MA ADV now owns 78,834 shares of the exchange traded fund’s stock valued at $1,350,000 after buying an additional 6,238 shares during the period. Bank of America Corp DE raised its holdings in ProShares UltraShort Bloomberg Crude Oil by 18.9% in the 2nd quarter. Bank of America Corp DE now owns 33,001 shares of the exchange traded fund’s stock valued at $565,000 after buying an additional 5,249 shares during the period. Finally, Global Retirement Partners LLC purchased a new stake in ProShares UltraShort Bloomberg Crude Oil in the 1st quarter valued at about $59,000.

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