OILDProShares UltraPro 3x Short Crude Oil ETF
OILD Fund Description
OILD provides daily -3x inverse exposure to an index of WTI crude oil futures contracts.
OILD Factset Analytics Insight
Like most geared products, OILD 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 OILD for longer periods are exposed to the effects of compounding, and could see returns that vary greatly from -3x exposure. OILD’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, OILD 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. OILD provides the same exposure as sibling WTID, which is organized as an ETN. OILU is OILD’s 3x-long counterpart.
OILD CHARTS AND PERFORMANCE
OILD Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of OILD. OILD is rated a 5 out of 5.