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UCO Fund Description
The ProShares Ultra Bloomberg Crude Oil ETF provides 2x the daily return of an index that measures the performance of crude oil as reflected through futures contracts of WTI crude.
UCO FactSet Analytics Insight
UCO seeks double the return of its
“UCO is a solid choice for a leveraged energy play” futures-based index on a daily basis—reflecting both the returns due to price changes on WTI futures contracts as well as any return (positive or negative) from “rolling” those futures contracts. As a geared product, UCO is intended to be held only for a 1-day period. It’s not appropriate for buy-and-hold investors. Daily compounding can lead to the fund’s returns varying significantly from those of the index over holding periods of greater than 1 day. UCO is a solid choice for a leveraged energy play. It's strong volume and narrow spreads at all levels mean investors large and small have little trouble getting in and out quickly and cheaply. UCO’s expense ratio isn’t cheap, but trading costs are more important here.
UCO FactSet Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of UCO. UCO is rated a 5 out of 5.