ProShares UltraShort Bloomberg Crude Oil
SCO
20 hedge funds and large institutions have $11.8M invested in ProShares UltraShort Bloomberg Crude Oil in 2023 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 4 increasing their positions, 6 reducing their positions, and 8 closing their positions.
173% more call options, than puts
Call options by funds: $16.8M | Put options by funds: $6.16M
9% less funds holding
Funds holding: 22 → 20 (-2)
15.2% less ownership
Funds ownership: 17.75% → 2.56% (-15%)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
33% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 6
87% less capital invested
Capital invested by funds: $87.8M → $11.8M (-$75.9M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$599K |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$504K |
| 3 |
FTUS
Flow Traders U.S.
New York
|
+$486K |
| 4 |
FNC
First National Corp
Rockland,
Massachusetts
|
+$300K |
| 5 |
IMC Chicago
Chicago,
Illinois
|
+$285K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LC
L1 Capital
Melbourne VIC 3000,
Australia
|
-$67.3M |
| 2 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
-$5.17M |
| 3 |
PGCM
Prescott Group Capital Management
Tulsa,
Oklahoma
|
-$4.04M |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$876K |
| 5 |
VCM
Virtue Capital Management
Brentwood,
Tennessee
|
-$486K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Group One Trading
Chicago,
Illinois
| – | -$7.14K | -71 | Closed |
|
|
CG
27
Cutler Group
San Francisco,
California
| – | -$2.55K | -25 | Closed |
|
28
Qube Research & Technologies (QRT)
London,
United Kingdom
| – | -$807 | -8 | Closed |
|
SCO Hedge Fund Activity: Q2 2023 in Review
20 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in ProShares UltraShort Bloomberg Crude Oil (SCO) for Q2 2023, worth a combined $11.8M — down 87% from $87.8M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of SCO and 6 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 4 added.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $599K. The largest seller was L1 Capital, exiting entirely with an estimated $67.3M sold.
- 20 institutional investors held ProShares UltraShort Bloomberg Crude Oil (SCO) as of Q2 2023, down from 22 in Q1 2023.
- Funds reported $11.8M of ProShares UltraShort Bloomberg Crude Oil stock for Q2 2023, down 87% quarter-over-quarter.
- 6 funds opened new ProShares UltraShort Bloomberg Crude Oil positions in Q2 2023 and 8 closed out, a net change of -2 holders.
- The largest ProShares UltraShort Bloomberg Crude Oil buyer in Q2 2023 was Susquehanna International Group, an estimated $599K added.
- The largest ProShares UltraShort Bloomberg Crude Oil seller in Q2 2023 was L1 Capital, an estimated $67.3M sold.
Based on aggregated 13F filings for Q2 2023.