Shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Free Report) dropped 0.4% on Tuesday . The company traded as low as $18.03 and last traded at $18.33. Approximately 674,659 shares changed hands during trading, a decline of 64% from the average daily volume of 1,894,251 shares. The stock had previously closed at $18.40.
ProShares UltraShort Bloomberg Crude Oil Trading Down 0.4 %
The business has a 50-day moving average of $17.92 and a two-hundred day moving average of $17.51.
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.
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