Mirae Asset Global Investments Co. Ltd. Acquires 2,000 Shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) by 5.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,347 shares of the exchange traded fund’s stock after acquiring an additional 2,000 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.32% of ProShares UltraShort Bloomberg Crude Oil worth $693,000 at the end of the most recent quarter.

Separately, Atomi Financial Group Inc. purchased a new stake in ProShares UltraShort Bloomberg Crude Oil in the 4th quarter valued at about $176,000.

ProShares UltraShort Bloomberg Crude Oil Stock Performance

Shares of SCO stock opened at $16.60 on Thursday. The company has a 50 day moving average of $16.73 and a 200-day moving average of $17.62. ProShares UltraShort Bloomberg Crude Oil has a 12-month low of $14.44 and a 12-month high of $21.74.

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.