ProShares UltraShort Bloomberg Crude Oil (SCO)
|Day's Range||12.69 - 13.03|
|Inception Date||Nov 24, 2008|
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.
Crude oil and crude ETFs are under pressure once again, falling for a sixth consecutive session on Thursday, as demand worries and a late reaction from the Federal Reserve that it will suspend its bond-...
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.
Oil prices have staged a rally lately. But uncertainty about the OPEC+ deal, chances of higher output and the resurgence of the delta variant of Covid have made the space a winner.
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.
By Viktor Argonov, Senior Analyst at International Investment Firm Exchange-traded funds (ETFs) and similar instruments such as exchange-traded notes (ETNs) have typically been the best strategies for l...
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.
Crude oil has continued its barreling downdraft as Saudi Arabia is not backing down from the oil price war with Russia for market share, threatening another increase in its crude oil exports beginning i...
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...