ProShares UltraShort Bloomberg Crude Oil (SCO)
| Assets | $141.36M |
| Expense Ratio | 0.95% |
| PE Ratio | n/a |
| Shares Out | 7.86M |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Ex-Dividend Date | n/a |
| Payout Frequency | n/a |
| Payout Ratio | n/a |
| Volume | 1,717,553 |
| Open | 17.97 |
| Previous Close | 18.06 |
| Day's Range | 17.75 - 18.10 |
| 52-Week Low | 14.57 |
| 52-Week High | 24.52 |
| Beta | -0.86 |
| Holdings | 4 |
| Inception Date | Nov 24, 2008 |
About SCO
Fund Home PageThe ProShares UltraShort Bloomberg Crude Oil (SCO) is an exchange-traded fund that mostly invests in crude oil commodities. 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 issued by ProShares.
Performance
SCO had a total return of 14.58% in the past year, including dividends. Since the fund's inception, the average annual return has been -23.19%.
News
SCO: Perfectly Sensible Speculative Tool, But Not A Hold
SCO is designed as a short-term, speculative tool for betting against WTI crude oil futures, not for long-term holding or investment. The fund's construction—using futures and daily leverage resets—ca...
SCO: I Don't See A Case For Shorting Crude Oil In 2025
ProShares UltraShort Bloomberg Crude Oil ETF aims to return double the inverse of crude oil futures, offering amplified returns when oil is overbought. In early 2024, I observed a bearish sentiment on...
Kinaxis Launches Supply Chain Orchestration Maturity Model and Self-Assessment
OTTAWA, Ontario--(BUSINESS WIRE)--Kinaxis® (TSX:KXS), a global leader in end-to-end supply chain orchestration, today launched the industry's first-ever Supply Chain Orchestration (SCO) Maturity Model...
SCO: With The OPEC Meeting Behind Us, Oil Prices Will Stay Supported
This article analyzes the ProShares UltraShort Bloomberg Crude Oil ETF within the context of the recent OPEC meeting and its impact on oil prices. OPEC+ extended oil production cuts to support prices ...
SCO: The 'Short Crude' Play Could Continue To Be Painful
SCO is a double short instrument that returns double the inverse of crude oil futures contracts. I advise against investing in SCO due to my belief that WTI crude is set to rise in the months ahead. M...
SCO: Shorting Oil Is Too Crowded Of A Trade
ProShares UltraShort Bloomberg Crude Oil ETF is a double short instrument that provides investors with an amplified return on their bet when oil is overbought. Shorting any underlying stock or commodi...
SCO ETF: Assessing The Shorting Opportunity After OPEC+
Saudi Arabia's voluntary production cut of one million bpd at the recent OPEC+ meeting can basically be viewed as attempting to create a floor for crude prices by limiting supply. In addition, there a...
SCO: The Window Of Opportunity Has Probably Elapsed
SCO, as its very name implies, enables traders to profit from the bearishness of the oil market. It has provided better performance than DRIP, another shorting ETF during the last month due to its WTI...
Energy Select Sector SPDR ETF: Investor Activity In XLE Signals Caution
After the 217% price gain from October 1, 2020 to June 1, 2022, investor buying suggests XLE is about to enter an extended trading range. The number of XLE shares outstanding grew an abnormal 74%, whi...
SCO: A Short Oil Position And How It Can Be Used
SCO is a double-short oil ETF. But its Index does not match 2X returns of the nearby NYMEX futures contract.
SCO: More Supply Could Start To Weigh On Crude Prices
Crude oil was a top performing asset class in 2021. As a result, investors in SCO were punished severely. Despite this backdrop, I think crude may be nearing a top, making short positions less risky n...
SCO: Oil's Gains Have Cooled, But Shorting It Could Be Costly
Oil has been one of the best performing assets in 2021, but it has seen some short-term weakness. There have been calls to raise production, release strategic reserves, and the West has called on OPEC...
SCO: Despite OPEC+ Production Hikes, Shorting Oil Is Not The Right Move
Oil continues to rise in the short term, despite a pledge by OPEC+ to continue with its rise in production. Even as more oil hits the market, supply remains constrained by natural disasters in the Gul...
Long SCO With A BAC Call Option Hedge Is A Tactical Pair Trade
SCO is an ideal way to short oil as it trades 2x inverse with WTI futures. Global growth is downshifting while OPEC+ is ramping production. Call options on Bank of America provide a hedge if oil does ...
SCO: Disagreement Within OPEC+ Means Higher Oil Prices Are Coming
The indecision by OPEC+ to agree to raise production quotas will continue to support higher crude prices in the near term.
SCO: Shorting Crude Is Not A Good Idea
SCO has been hammered in 2021, as rising crude oil prices have pressured the fund. SCO is a double-short ETF, which means the losses have been amplified as oil has risen.
ProShares Leveraged and Inverse Oil ETFs Change Benchmark
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 chang...
