ProShares UltraShort Bloomberg Crude Oil is a leveraged inverse exchange-traded fund focused on the crude oil market. The fund’s primary objective is to deliver approximately two times the inverse (-2x) of the daily performance of the Bloomberg Commodity Balanced WTI Crude Oil Index, which references futures on WTI light, sweet crude oil. Instead of holding physical oil, ProShares UltraShort Bloomberg Crude Oil uses financial derivatives such as futures, swaps, forwards, and options to gain and maintain its exposure. Today, the ETF serves as a specialized tool for market participants who require targeted, short-term inverse exposure to movements in WTI crude oil prices, including tactical hedging and trading strategies within the energy commodities segment. Managed by ProShares and headquartered in Bethesda, Maryland, the fund sits within the broader commodity and energy ETF universe, offering concentrated, double-short exposure to a key global benchmark for crude oil pricing. Launched in 2008, it has become a notable instrument in the niche market for leveraged and inverse oil-related products.
United States
ProShares Ultra Bloomberg Crude Oil ETF is a Buy, supported by strong momentum and liquidity, but carries high volatility and risk. Read more on UCO & SCO ETFs.
Economist Justin Wolfers warned Tuesday that U.S. strikes on Iran renewed concerns over global energy supplies and higher gas prices
Investors talking about SCO also mention
| # | Name | Attention |
|---|---|---|
| 1 | ProShares Ultra Bloomberg Crude OilUCO | 0%0 |
| 2 | United States Oil Fund, LPUSO | 1.11%-0.1 |
| 3 | Direxion Daily Energy Bear 2X SharesERY | 0%new |
| 4 | ProShares UltraShort Bloomberg Natural GasKOLD | 0.02%0 |
| 5 | United States Natural Gas Fund, L.P.UNG | 0.04%-0.03 |
| 6 | MicroSectors Oil & Gas Exploration & Production -3X Inverse Leveraged ETNsOILD | 0%0 |
| 7 | ProShares UltraShort SilverZSL | 0%-0.01 |
| 8 | Energy Select Sector SPDR FundXLE | 0.03%-1.62 |
| 9 | Invesco DB Oil FundDBO | 0%-0.01 |
| 10 | VanEck Oil Services ETFOIH | 0.01%-0.04 |
What share of all ETF conversation is about SCO?
| 1 Day1D | 1 Week1W | 1 Month1M | 1 Year1Y | 50-Day MAclick to plot | 200-Day MAclick to plot | |
|---|---|---|---|---|---|---|
| Attention | 0.01% +0.01 | 0% -0.01 | 0.01% +0.01 | 0.01% +0.01 |
Of the messages about SCO that take a side, what share is each?
| 1 Day1D | 1 Week1W | 1 Month1M | 1 Year1Y | 50-Day MAclick to plot | 200-Day MAclick to plot | |
|---|---|---|---|---|---|---|
| Bullish | 0% -100 | 8.33% -13.1 | 22.33% +9.97 | 39.37% +11.16 | ||
| Bearish | 100% new | 91.67% +13.1 | 77.67% -9.97 | 60.63% -11.16 |
Of the messages about SCO that carry a topic, what share is each?
| 1 Day1D | 1 Week1W | 1 Month1M | 1 Year1Y | 50-Day MAclick to plot | 200-Day MAclick to plot | |
|---|---|---|---|---|---|---|
| Technical Analysis | 100% | 100% | 89.21% | 90.87% | ||
| Macro | 0% | 0% | 10.79% | 9.13% |
Of the messages about SCO, what share comes from each group?
| 1 Day1D | 1 Week1W | 1 Month1M | 1 Year1Y | 50-Day MAclick to plot | 200-Day MAclick to plot | |
|---|---|---|---|---|---|---|
| Regulars | 85.71% | 94.74% | 78.77% | 33.39% | ||
| Newcomers | 14.29% | 5.26% | 21.23% | 66.61% |