Frequently Asked Questions About USOD

What does USOD invest in?

The investment seeks the daily changes in percentage terms of its shares’ per share NAV to reflect three times the inverse of the daily change in percentage terms of the price of a specified short-term futures contract on light, sweet crude oil (the “Benchmark Oil Futures Contract”) less the fund’s expenses. USCF will endeavor to have the notional value of the fund’s aggregate short exposure to the Benchmark Oil Futures Contract at the close of each trading day approximately equal to 300% of the fund’s NAV. The Benchmark Oil Futures Contract is the futures contract on light, sweet crude oil as traded on the NYMEX, traded under the trading symbol “CL”.

What is the expense ratio of USOD?

United States 3x Short Oil Fund (USOD) charges an expense ratio of 1.65%. This is the annual fee deducted from fund assets to cover management and operations.

Is USOD a good long-term hold?

USOD is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does USOD's daily reset work?

USOD rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is USOD?

United States 3x Short Oil Fund (USOD) manages $4.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is USOD actively managed or an index fund?

USOD's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

USOD (United States 3x Short Oil Fund) is no longer actively trading.

This usually means the fund has been liquidated, merged into another product, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.

USOD

United States 3x Short Oil Fund

AMEX·Asset Management, Leveraged · Financial Services

$6.15$0.04−0.57%

Dec 12 8:59 PM UTC

Price Chart

$6.15−$0.04 (−0.57%)today

+0.00%CAGR +0.00%

Select date range

FromTo

Jul 24, 2017Aug 25, 2021 → Aug 25, 2026· 5.0 yrsAug 25, 2026

Key Metrics

DistributionDividend Tab

Annual Distribution (FWD)—

Distribution Yield (FWD)—

Annual Distribution (TTM)—

Distribution Yield (TTM)—

Distribution Growth (5Y)—

Frequency—

Most Recent—

Ex-Dividend Date—

Payment Date—

Cost & RiskExpenses Tab

Expense Ratio1.65%

Cost per 10k Invested$165

AUM$4.56M

Avg Daily Volume38.15K

Price$6.15

NAV$6.07

Premium / Discount+1.32%

52-Week Range$5.93 – $6.18

Beta0.00

Fund Overview

Cost Verdict

Is USOD'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.

Issuer: —
Asset Class: Equity
Strategy: Leveraged
Inception: July 19, 2017
Fund Type: ETF
Domicile: US
Currency: USD
ISIN
CUSIP

Peers

Peers Tab

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$4.5M

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DDG

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$4.6M

Latest News

News Tab

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Frequently Asked Questions About USOD

What does USOD invest in?: The investment seeks the daily changes in percentage terms of its shares’ per share NAV to reflect three times the inverse of the daily change in percentage terms of the price of a specified short-term futures contract on light, sweet crude oil (the “Benchmark Oil Futures Contract”) less the fund’s expenses. USCF will endeavor to have the notional value of the fund’s aggregate short exposure to the Benchmark Oil Futures Contract at the close of each trading day approximately equal to 300% of the fund’s NAV. The Benchmark Oil Futures Contract is the futures contract on light, sweet crude oil as traded on the NYMEX, traded under the trading symbol “CL”.
What is the expense ratio of USOD?: United States 3x Short Oil Fund (USOD) charges an expense ratio of 1.65%. This is the annual fee deducted from fund assets to cover management and operations.
Is USOD a good long-term hold?: USOD is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.
How does USOD's daily reset work?: USOD rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.
How big is USOD?: United States 3x Short Oil Fund (USOD) manages $4.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
Is USOD actively managed or an index fund?: USOD's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.