Key stats
About ProShares UltraShort Bloomberg Crude Oil
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Inception date
Nov 24, 2008
Structure
Commodities Pool
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
SCO is a solid bet for investors looking for an inverse oil fund. 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. The underlying index provides exposure to three separate contracts at equal-weighting of 1/3 each. The first portion follows monthly roll schedule, while the second and third portion holds June and December contract that are rolled annually each March and September, respectively. Prior to September 16, 2020, the fund tracked the Bloomberg WTI Crude Oil Subindex.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SCO assets under management is 111.32 M USD. It's risen 0.60% over the last month.
SCO fund flows account for −124.47 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, SCO doesn't pay dividends to its holders.
SCO shares are issued by ProShare Advisors LLC under the brand ProShares. The ETF was launched on Nov 24, 2008, and its management style is Passive.
SCO expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
SCO follows the Bloomberg Commodity Balanced WTI Crude Oil Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SCO invests in cash.
SCO price has fallen by −0.72% over the last month, and its yearly performance shows a 28.27% increase. See more dynamics on SCO price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −1.62% over the last month, have fallen by −1.62% over the last month, showed a 16.59% increase in three-month performance and has increased by 16.99% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −1.62% over the last month, have fallen by −1.62% over the last month, showed a 16.59% increase in three-month performance and has increased by 16.99% in a year.
SCO trades at a premium (0.93%) meaning the ETF is trading at a higher price than the calculated NAV.