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SCO Fund Description
The ProShares UltraShort Bloomberg Crude Oil ETF provides -2x the daily return of an index that measures the performance of crude oil as reflected through futures contracts on light sweet crude oil.
SCO FactSet Analytics Insight
If you're looking for an inverse oil fund, SCO is a solid bet. The fund has a long track record, a decent asset base and a reasonable fee. Most importantly for a tactical tool, it's relatively cheap to trade. As an inverse ETF, SCO is intended as a short-term tactical investment to be held only for its one-day exposure period; it's not appropriate for buy-and-hold investors. Daily compounding of SCO's inverse crude oil returns can lead to the fund's returns varying significantly from the intended multiple, so longer term investors must monitor and rebalance their position. SCO's futures-based index means that its returns reflect price appreciation on its futures contracts as well as any return from "rolling" those futures contracts.
SCO FactSet Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SCO. SCO is rated a 5 out of 5.