ProShares UltraShort Bloomberg Crude OilProShares UltraShort Bloomberg Crude OilProShares UltraShort Bloomberg Crude Oil

ProShares UltraShort Bloomberg Crude Oil

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Key stats

Assets under management (AUM)
‪195.57 M‬USD
Fund flows (1Y)
‪36.57 M‬USD
Dividend yield (indicated)
Discount/Premium to NAV
0.1%

About ProShares UltraShort Bloomberg Crude Oil

Issuer
ProShare Advisors LLC
Brand
ProShares
Expense ratio
0.95%
Home page
Inception date
Nov 24, 2008
Index tracked
Bloomberg Commodity Balanced WTI Crude Oil Index
Management style
Passive
ISIN
US74347Y7976
SCO is a solid bet for investors looking for an inverse oil fund. As an inverse ETF, SCO is intended as a short-term tactical investment to be held only for its one-day exposure period, it's not appropriate for buy-and-hold investors. Daily compounding of SCO's inverse crude oil returns can lead to the fund's returns varying significantly from the intended multiple, so longer term investors must monitor and rebalance their position. SCO's futures-based index means that its returns reflect price appreciation on its futures contracts as well as any return from rolling those futures contracts. The underlying index provides exposure to three separate contracts at equal-weighting of 1/3 each. The first portion follows monthly roll schedule, while the second and third portion holds June and December contract that are rolled annually each March and September, respectively. Prior to September 16, 2020, the fund tracked the Bloomberg WTI Crude Oil Subindex.

Classification

Asset Class
Commodities
Category
Energy
Focus
Crude oil
Niche
Laddered
Strategy
Laddered
Weighting scheme
Single asset
Selection criteria
Single asset
What's in the fund
Exposure type
Bonds, Cash & Other
Cash
Bonds, Cash & Other100.00%
Cash100.00%

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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy