What is the price of SCO stock now?
Since then, SCO shares have decreased by 89.1% and is now trading at $13.41. View which stocks have been most impacted by COVID-19. When did ProShares UltraShort Bloomberg Crude Oil's stock split?
Is SCO a buy-and-hold ETF?
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.
Can oil fill the gap on SCO?
The trend I referred to in my WTI chart earlier today: possible long for the inverse ETFs if oil can’t fill the gap; however this trend on SCO could just as easily not hold if oil does manage to fill the gap due to reopenings.
Is SCO going to keep declining?
23.5 looks like an important level, though its not clear whether it will hold as support. The technicals to me look somewhat bearish, but there's a strong (perhaps stronger) case for SCO to keep declining if oil bridges the gap it is approaching due to increasing demand and supply cuts.
How can I invest in SCO?
ProShares UltraShort Bloomberg Crude Oil (SCO) is an ETF listed on the NYSE ARCA exchange, which means you can buy the stock from most brokers....How To Buy SCOFind a reliable broker. ... Fund your new account. ... Search for SCO on the brokerage app or site. ... Buy the stock.
What is SCO ETF?
SCO Factset Analytics Insight 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.
Why is SCO stock dropping?
The underlying catalyst for the collapse has been both unprecedented demand destruction combined with an OPEC-Russia price war.
Is SCO ETF leveraged?
SCO - ProShares UltraShort Bloomberg Crude Oil Inverse oil exchange-traded funds (ETFs), which are leveraged and can be highly risky, seek to short either a single energy commodity or a combination of several energy commodities.
Will SCO stock go up?
Is SCO stock going to rise? Based on the share price being above its 5, 20 & 50 day exponential moving averages, the current trend is considered strongly bullish and SCO is experiencing buying pressure, which is a positive indicator for future bullish movement.
How does SCO work oil?
Essentially, SCO's job is to perform, in an inverse fashion, the daily performance of the Bloomberg Commodity Balanced WTI Crude Oil Index. What this means is, when crude futures fall in value, SCO is designed to go up by twice that amount, and vice versa.
What is the future of UCO stock?
ProShares Trust - ProShares Ultra Bloomberg Crude Oil 2x Shares quote is equal to 33.940 USD at 2022-07-12. Based on our forecasts, a long-term increase is expected, the "UCO" stock price prognosis for 2027-07-05 is 311.439 USD. With a 5-year investment, the revenue is expected to be around +817.62%.
Did SCO reverse split?
ProShares UltraShort Bloomberg Crude Oil (SCO) has announced a 1-for-5 reverse stock split. As a result of the reverse stock split, each SCO Share will be converted into the right to receive 0.20 (New) ProShares UltraShort Bloomberg Crude Oil Shares.
Is there a 3x oil ETF?
Leveraged Crude Oil ETFs seek to provide a magnified return on the pricing of the actual crude oil commodity for a single day....ETFs: ETF Database Realtime Ratings.SymbolOILUETF NameMicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETNAsset ClassCommodityTotal Assets ($MM)$32.92YTD59.32%4 more columns
Can I hold SCO long term?
Due to the leveraged nature of the fund, this is not designed for a long-term holding.
How do you short oil stocks?
To enter the short futures position, you have to put up an initial margin of USD 12,825. A week later, the price of crude oil falls and correspondingly, the price of NYMEX Brent Crude Oil futures drops to USD 39.78 per barrel. Each contract is now worth only USD 39,780.
What does it mean to short oil?
To 'short' (sell, or short-sell) a commodity means that you're betting against the price of a raw material, such as oil or gold. In other words, you think that the market price will fall. If you're right, you will make a profit, but if the market price rises, you'll make a loss.
How has ProShares UltraShort Bloomberg Crude Oil's stock performed in 2022?
ProShares UltraShort Bloomberg Crude Oil's stock was trading at $63.75 at the beginning of the year. Since then, SCO shares have decreased by 71.8%...
When did ProShares UltraShort Bloomberg Crude Oil's stock split? How did ProShares UltraShort Bloomberg Crude Oil's stock split work?
Shares of ProShares UltraShort Bloomberg Crude Oil reverse split on Thursday, May 26th 2022. The 1-5 reverse split was announced on Thursday, May 2...
What other stocks do shareholders of ProShares UltraShort Bloomberg Crude Oil own?
Based on aggregate information from My MarketBeat watchlists, some companies that other ProShares UltraShort Bloomberg Crude Oil investors own incl...
What is ProShares UltraShort Bloomberg Crude Oil's stock symbol?
ProShares UltraShort Bloomberg Crude Oil trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "SCO."
Who are ProShares UltraShort Bloomberg Crude Oil's major shareholders?
ProShares UltraShort Bloomberg Crude Oil's stock is owned by a number of institutional and retail investors. Top institutional investors include Mi...
Which major investors are buying ProShares UltraShort Bloomberg Crude Oil stock?
SCO stock was acquired by a variety of institutional investors in the last quarter, including TB Alternative Assets Ltd., Mirae Asset Global Invest...
How do I buy shares of ProShares UltraShort Bloomberg Crude Oil?
Shares of SCO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull...
What is ProShares UltraShort Bloomberg Crude Oil's stock price today?
One share of SCO stock can currently be purchased for approximately $17.99.
How much money does ProShares UltraShort Bloomberg Crude Oil make?
ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) has a market capitalization of $255.46 million.
What other stocks do shareholders of ProShares UltraShort Bloomberg Crude Oil own?
Based on aggregate information from My MarketBeat watchlists, some companies that other ProShares UltraShort Bloomberg Crude Oil investors own include BP (BP), Exxon Mobil (XOM), Pro Shares Ultra Bloomberg Crude Oil (UCO), NVIDIA (NVDA), ProShares VIX Short-Term Futures ETF (VIXY), ProShares Short VIX Short-Term Futures ETF (SVXY), Advanced Micro Devices (AMD), QUALCOMM (QCOM), VelocityShares 3x Long Natural Gas ETN Linked to the S&P GSCI Natural Gas Index ER (UGAZ) and Alibaba Group (BABA).
Who are ProShares UltraShort Bloomberg Crude Oil's major shareholders?
Top institutional investors include First National Corp MA ADV (3.23%), Susquehanna International Group LLP (0.00%), IMC Chicago LLC (0.64%), Virtue Capital Management LLC (0.55%), Citadel Advisors LLC (0.00%) and Mirae Asset Global Investments Co. Ltd. (0 .20%).
What is SCO futures based index?
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.
Is SCO an ETF?
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.
SCO Stock Fund Chart
I will be buying some slightly ITM Calls here expiring in the middle of April in anticipation for US Oil to potentially go down by the end of the Quarter due to the Fed's monetary tightening. The technicals look good for this Bearish ETF; Bullish Divergence visible on both the MACD and RSI and along with that we are at the PCZ of a Bullish ABCD.
Ideas
I will be buying some slightly ITM Calls here expiring in the middle of April in anticipation for US Oil to potentially go down by the end of the Quarter due to the Fed's monetary tightening. The technicals look good for this Bearish ETF; Bullish Divergence visible on both the MACD and RSI and along with that we are at the PCZ of a Bullish ABCD.
Performance
Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.
Index
The Bloomberg Commodity Balanced WTI Crude Oil Index (ticker: BCBCLI Index) aims to track the performance of 3 separate contract schedules for WTI Crude Oil futures.
Portfolio Hedging Series Research & Insights
Investing involves risk. Market downturns will happen. Having a sound investment strategy can help smooth out the turbulence in your portfolio and save you from getting caught up in a herd mentality of selling low into a down market.
Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, February 14, 2022, and so far it has risen 3.85%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss
ProShares UltraShort Bloomberg Crude Oil finds support from accumulated volume at $8.73 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Is ProShares UltraShort Bloomberg Crude Oil fund A Buy?
ProShares UltraShort Bloomberg Crude Oil holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this fund.
About ProShares UltraShort Bloomberg Crude Oil
The fund seeks to meet its investment objective by investing, under normal market conditions, in any one of, or combinations of, Financial Instruments (including swap agreements, futures contracts, forward contracts, and option contracts) based on WTI sweet, light crude oil. It will not invest directly in oil.... Read more
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