ProShares UltraShort Bloomberg Crude Oil

SCO

Market cap $110M

ProShares UltraShort Bloomberg Crude Oil ETF is a double inverse, leveraged play on crude oil futures. SCO is designed strictly for short-term trading, not long-term holding, due to roll yield, expenses, and volatility. Current oil market conditions do not justify a bearish bet via SCO, given limited downside in crude prices.

ProShares UltraShort Bloomberg Crude Oil ETF is designed for daily, leveraged, inverse exposure to crude oil prices. SCO's structure means timing is critical. Leverage amplifies both gains and losses, with a single bad day potentially erasing many good trades.

Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

SCO is designed as a short-term, speculative tool for betting against WTI crude oil futures, not for long-term holding or investment. The fund's construction—using futures and daily leverage resets—causes performance decay and divergence from its benchmark over time. Liquidity, tight spreads, and low costs make SCO suitable for active traders seeking leveraged exposure to short-term oil price declines.

ProShares UltraShort Bloomberg Crude Oil ETF aims to return double the inverse of crude oil futures, offering amplified returns when oil is overbought. In early 2024, I observed a bearish sentiment on oil, which, I believed, was misguided. I advise followers to avoid bearish instruments like SCO for the year ahead, as I think crude will drift higher, not lower.

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Oil prices declined more than 3% on Sept. 10, 2024, and fell to the lowest level since 2021 as OPEC lowers demand growth forecast.

This article analyzes the ProShares UltraShort Bloomberg Crude Oil ETF within the context of the recent OPEC meeting and its impact on oil prices. OPEC+ extended oil production cuts to support prices and government budgets, in a meeting led by Saudi Arabia. This indicates OPEC's commitment to maintaining a certain price floor for oil. SCO is a leveraged short oil fund, not suitable for buy-and-hold investors.

Jon Wolfenbarger aims to help individual investors generate double-digit profits and beat the market in both bull and bear markets.

SCO is a double short instrument that returns double the inverse of crude oil futures contracts. I advise against investing in SCO due to my belief that WTI crude is set to rise in the months ahead. My favorable outlook on crude oil means avoiding SCO is likely the right play. I explain why in this review.