OILUProShares UltraPro 3x Crude Oil ETF
OILU Fund Description
The ProShares UltraPro 3x Crude Oil ETF provides daily 3x leveraged exposure to an index of WTI crude oil futures contracts.
OILU Factset Analytics Insight
Like most geared products, OILU is intended as a trading tool, not a buy-and-hold investment. The fund provides 3x exposure to its index for a one-day period. The daily reset function means investors holding OILU for longer periods are exposed to the effects of compounding, and could see returns that vary greatly from 3x exposure. OILU’s Bloomberg index tracks WTI crude contracts that are rolled every other month, striking a balance between spot-price sensitivity, turnover, and contango effects.
As a commodity pool, OILU will issue a K-1 form at tax time. Taxable investors will pay a blended rate (60% LT/40% ST) on capital gains, realized or not. OILU provides the same exposure as sibling WTIU, which is organized as an ETN. OILD is OILU’s 3x-inverse counterpart, while OIIL from Credit Suisse tracks the same index without leverage.
OILU CHARTS AND PERFORMANCE
OILU Summary Data
OILU Portfolio Data
OILU Index Data
OILU Fund Structure
OILU Tax Exposures
OILU Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of OILU. OILU is rated a N/A out of 5.
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.