Get started
ProShares UltraShort Bloomberg Crude OilProShares UltraShort Bloomberg Crude OilProShares UltraShort Bloomberg Crude Oil

ProShares UltraShort Bloomberg Crude Oil

No trades
See on Supercharts
OverviewChartAnalysisHoldingsNewsIdeasDiscussionsSeasonals

SCO chart



Key stats


Assets under management (AUM)
‪116.25 M‬ USD
Fund flows (1Y)
—
Dividend yield (indicated)
—
Discount/Premium to NAV
—
Shares outstanding
‪6.36 M‬
Expense ratio
0.95%

About ProShares UltraShort Bloomberg Crude Oil


Issuer
ProShare Advisors LLC
Brand
ProShares
Home page
proshares.com
Inception date
Nov 24, 2008
Structure
Commodities Pool
Index tracked
Bloomberg Commodity Balanced WTI Crude Oil Index
Replication method
Synthetic
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
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.

Broaden your horizons with more funds linked to SCO via country, focus, and more.

Classification


Asset Class
Commodities
Category
Energy
Focus
Crude oil
Niche
Laddered
Strategy
Laddered
Geography
Global
Weighting scheme
Single asset
Selection criteria
Single asset

SCO analysis


What's in the fund
Exposure type
Bonds, Cash & Other
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings

SCO news



Ideas



See all ideas 

Seasonals


Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
SCO assets under management is ‪116.25 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
SCO invests in cash. See more details in our Analysis section.
SCO expense ratio is 0.95%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
SCO is an inverse fund, meaning it's structured to generate returns opposite to the trends of the underlying index or assets.
No, SCO doesn't pay dividends to its holders.
SCO shares are issued by ProShare Advisors LLC
SCO follows the Bloomberg Commodity Balanced WTI Crude Oil Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 24, 2008.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.