ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) Stock Price Pass Above 200 Day Moving Average – Should You Sell?

ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $17.35 and traded as high as $18.54. ProShares UltraShort Bloomberg Crude Oil shares last traded at $17.95, with a volume of 1,466,287 shares.

ProShares UltraShort Bloomberg Crude Oil Stock Performance

The stock has a 50 day moving average price of $18.19 and a two-hundred day moving average price of $17.36.

Institutional Investors Weigh In On ProShares UltraShort Bloomberg Crude Oil

An institutional investor recently raised its position in ProShares UltraShort Bloomberg Crude Oil stock. First National Corp MA ADV boosted its stake in shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) by 51.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 229,358 shares of the exchange traded fund’s stock after buying an additional 77,631 shares during the quarter. First National Corp MA ADV owned approximately 1.89% of ProShares UltraShort Bloomberg Crude Oil worth $3,571,000 as of its most recent SEC filing.

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.