Loading…
Loading…
ProShares UltraShort Bloomberg Crude Oil is an investment vehicle engineered to deliver daily returns that are twice the inverse of the Bloomberg Commodity Balanced WTI Crude Oil Index's daily performance. This means that, before accounting for fees and expenses, the fund aims to move in the opposite direction of the index's daily changes, at a magnitude of 200%.
Is SCO's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO - Get Free Report) reached a new 52-week low on Tuesday. The company traded as low as $17.69 and last traded at $17.88, with a volume of 6,340,813 shares trading hands. The stock had previously closed at $18.62. ProShares UltraShort Bloomberg Crude Oil Stock Down 4.0% The company has
Shares of ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO - Get Free Report) gapped down prior to trading on Wednesday. The stock had previously closed at $20.36, but opened at $19.64. ProShares UltraShort Bloomberg Crude Oil shares last traded at $19.68, with a volume of 1,658,195 shares changing hands. ProShares UltraShort Bloomberg Crude Oil Price Performance
Energy infrastructure and crude oil ETFs EMLP and SCO saw trading volumes well above average, putting both in focus.
ProShares UltraShort Bloomberg Crude Oil ETF offers -2x daily inverse exposure to WTI crude but has lost ~99.5% of value over 10 years. SCO is unsuitable for most investors due to extreme volatility, a high expense ratio (0.95%), and poor long-term performance but may present a tactical opportunity. Geopolitical turmoil, especially the Iran-US conflict and Strait of Hormuz disruptions, keeps oil prices elevated; resolution timing remains highly uncertain.
