ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) shares will undergo a reverse split on Thursday, May 26


ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO – Get Rating) stock will be split upside down on the morning of Thursday, May 26. The 1-5 reverse split was announced on Thursday, May 26. The number of shares held by shareholders will be adjusted after market close on Thursday, May 26.

SCO opened at $4.63 on Friday. The company has a 50-day simple moving average of $5.47 and a two-hundred-day simple moving average of $9.57. ProShares UltraShort Bloomberg Crude Oil has a 52-week low of $4.62 and a 52-week high of $25.04.

Several hedge funds and other institutional investors have recently changed their positions in the company. Longitude Cayman Ltd. bought a new equity stake in ProShares UltraShort Bloomberg Crude Oil during Q1, valued at approximately $116,000. JPMorgan Chase & Co. increased its position in ProShares UltraShort Bloomberg Crude Oil by 1,333.6% in Q1. JPMorgan Chase & Co. now owns 86,602 shares of the exchange-traded fund worth $501,000 after buying an additional 80,561 shares during the period. Cumberland Partners Ltd purchased a new stake in ProShares UltraShort Bloomberg Crude Oil in Q1 for approximately $81,000. Mirae Asset Global Investments Co. Ltd. increased its position in ProShares UltraShort Bloomberg Crude Oil by 6,154.6% in Q1. Mirae Asset Global Investments Co. Ltd. now owns 1,781,737 shares of the exchange-traded fund worth $10,316,000 after purchasing an additional 1,753,250 shares during the period. Finally, Simplex Trading LLC increased its position in ProShares UltraShort Bloomberg Crude Oil by 256.3% in the 1st quarter. Simplex Trading LLC now owns 59,909 shares of the exchange-traded fund worth $346,000 after purchasing an additional 43,095 shares during the period.

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