Mirae Asset Global Investments Co. Ltd. Increases Position in ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO)

Mirae Asset Global Investments Co. Ltd. increased its stake in ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) by 5.4% in the 4th quarter, Holdings Channel reports. The fund owned 39,347 shares of the exchange traded fund’s stock after buying an additional 2,000 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in ProShares UltraShort Bloomberg Crude Oil were worth $693,000 at the end of the most recent reporting period.

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

ProShares UltraShort Bloomberg Crude Oil Stock Up 4.1 %

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

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.