SCO - ProShares UltraShort Bloomberg Crude Oil
|Trading Day||July 23|
|Day's Range||17.80 - 18.14|
|52-Week Range||17.05 - 82.26|
The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg WTI Crude Oil SubindexSM. The fund seeks to meet its investment objective by investing, under normal market conditions, in any one of, or combinations of, Financial Instruments (including swap agreements, futures contracts, forward contracts, and option contracts) based on WTI sweet, light crude oil. It will not invest directly in oil.
|Asset Class |
|Inception Date |
Nov 24, 2008
|Ticker Symbol |
|Index Tracked |
Bloomberg WTI Crude Oil Subindex
Oil prices declined more than 2% on Jul 14 after major global oil producers clinched a deal about supply, which gives cues of oversupply concerns.
The best (and only) inverse oil ETF for Q1 2021 is SCO.
BETHESDA, Md.--(BUSINESS WIRE)--ProShares, a premier provider of ETFs, announced today that ProShares Ultra Bloomberg Crude Oil (UCO) and ProShares UltraShort Bloomberg Crude Oil (SCO) ETFs will change ...
The best (and only) inverse oil ETF for Q4 2020 is SCO.
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The best inverse oil ETF for 2020 by 1-year performance is SCO.
If you were anything, but an oil bear during Monday’s trading session, you were definitely in a world of hurt. Oil prices fell into negative territory for the first time on record as West Texas Intermed...
Even with record production cuts giving oil prices a boost, the move thus far has proven to be short-lived as investors marinated on the notion that global demand will still be weak, which caused oil pr...
As crude oil continues to slump, charting fresh lows below $20 a barrel Monday, oil traders across the globe are scrambling to sell as rapidly vanishing demand drives key physical crude prices to multi-...
Oil prices touched down to their lowest level since 2002 as the price of U.S. crude fell as much as under $20 per barrel.
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With West Texas Intermediate crude oil currently trading around $27 a barrel, this month’s historic flush in oil prices has some financial experts concerned that crude will settle in a range under $40 a...
Oil prices fell below $30 a barrel during Monday’s raucous trading session as crude followed the Dow Jones Industrial Average downward.
The best inverse oil ETFs for Q2 2020 by 1-year performance are DTO, SCO, and DWT.
It’s an excellent time to be a bear when it comes to oil prices after Saudi Arabia cut its oil prices in retaliation to Russia’s refusal to cut production. In early trading in Monday’s session, oil pric...
After a precipitous drop due to the coronavirus, excess supply, and a number of other factors, West Texas Intermediate crude oil has bounced off the $50 level several times over the last couple of weeks...
As the markets tumbled and investors scrambled to hedge their against further risks, many capitalized on momentum in Treasury bonds and bearish commodities related ETFs. “Over the last 12 months, experi...
Crude oil prices are dropping today after the EIA released inventory data on Wednesday, showing that there was a massive build in crude.
After rallying to over $62 a barrel recently, WTI crude oil prices have continued to fall as the Abqaiq facility swiftly recovered production from the recent drone attacks. The easing of concerns surrou...
After rallying to over $62 a barrel 10 days ago, WTI crude oil prices slumped even more mid-week as Saudi Arabia claimed it is ahead of schedule to make the required repairs to the Abqaiq facility. The ...
Oil price skids on crude inventory build-up in the United States and rising U.S.-China trade tensions.
These four inverse oil ETFs offer a varied approach to taking short positions in the energy sector.