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UCO does not currently pay a dividend.
See exactly how UCO's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
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ProShares Trust II - ProShares Ultra Bloomberg Crude Oil is an exchange traded fund launched by ProShare Capital Management LLC. The fund is co-managed by ProFund Advisors LLC and ProShare Advisors LLC. It invests in the commodity markets. The fund uses derivatives such as futures contracts to invest in WTI sweet, light crude oil. It seeks to track 2x the daily performance of the Bloomberg Commodity Balanced WTI Crude Oil Index. ProShares Trust II - ProShares Ultra Bloomberg Crude Oil was formed on November 24, 2008 and is domiciled in the United States.
Oil prices fell back below $100 a barrel on Friday from their highest level since early May, but continued tensions between the US and Iran promise that the energy markets will remain elevated.
The absence of fresh overnight escalations between the U.S. and Iran halted the global oil benchmark's upward march, as investors hope leaders seek an off-ramp.
Renewed hostilities in the Gulf have revived stagflation talk, dimming hopes the interim deal between the U.S. and Iran had come in time for the world economy to avoid elevated inflation alongside stagnant economic growth.
LNG supply disruptions and Middle East tensions keep energy markets on edge. Explore the latest outlook for WTI, Brent and natural gas.
Oil headed for weekly gains on Friday, as Houthi attacks on tankers in the Red Sea sparked worries about the closure of a second shipping chokepoint, while Kazakhstan temporarily cut output after its main export route was forced to shut.