ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) Shares Pass Above 200 Day Moving Average – Here’s Why

ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCOGet Free Report)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $17.53 and traded as high as $18.04. ProShares UltraShort Bloomberg Crude Oil shares last traded at $17.67, with a volume of 942,097 shares.

ProShares UltraShort Bloomberg Crude Oil Trading Up 1.0 %

The business’s 50 day moving average is $18.01 and its 200 day moving average is $17.55.

About ProShares UltraShort Bloomberg Crude Oil

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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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