Is UCO stock worth $28 a share?
For the record, UCO closed today around $28 a share. He's forecasting a 1,000% return over the next year and a half and a 300% return by the end of this year. My simple response was this:
Will UCO ever double in value to $300?
So, it's roughly doubled in value. During that time, UCO has gained 128%. For UCO to get to $300, it has to double not once, not twice, but three times from here. If you assume that since UCO is leveraged, it doesn't necessarily need to double three times, but it's probably not far off.
What is UCO’s return on crude oil?
UCO provides 2x the daily return of an index of futures contracts of WTI crude. UCO seeks double the return of its 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.
Is Uco a good energy fund to play?
Daily compounding can lead to the fund’s returns varying significantly from those of the index over holding periods of greater than one day. UCO is a great choice for a leveraged energy play. All returns over 1 year are annualized. All returns are total returns unless otherwise stated.
Is UCO stock a good buy?
As a geared product, UCO is designed for a one-day holding 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 one day. UCO is a great choice for a leveraged energy play.
What is UCO ETF based on?
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.
Is UCO a ETF?
This ETF offers 2x daily leverage to an index that consists of crude oil futures contracts, making UCO a powerful tool for expressing a bullish outlook on energy prices.
Does UCO stock pay dividends?
Category: Commodity ETFs UCO does not currently pay a dividend.
Will UCO go back up?
Based on our forecasts, a long-term increase is expected, the "UCO" stock price prognosis for 2027-05-31 is 420.041 USD. With a 5-year investment, the revenue is expected to be around +684.68%. Your current $100 investment may be up to $784.68 in 2027.
Does the UCO track oil?
UCO is designed to track 2 times the daily percentage return in the Bloomberg Commodity Balanced WTI Crude Oil Index.
What is the difference between UCO and USO?
USO: Head-To-Head ETF Comparison | ETF Database....Performance.UCOUSO1 Month Return-12.48%-5.98%3 Month Return6.62%5.52%26 Week Return87.82%45.83%YTD Return92.95%47.81%15 more rows
Did UCO reverse stock split?
The 1500% pre-market gains showing on some ticker feeds aren't real. The 1500% pre-market gains showing on some ticker feeds aren't real.
What are USO holdings?
USO invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels.
How has ProShares Ultra Bloomberg Crude Oil's stock performed in 2022?
ProShares Ultra Bloomberg Crude Oil's stock was trading at $21.6950 at the start of the year. Since then, UCO stock has increased by 146.1% and is...
When did ProShares Ultra Bloomberg Crude Oil's stock split? How did ProShares Ultra Bloomberg Crude Oil's stock split work?
ProShares Ultra Bloomberg Crude Oil shares split before market open on Thursday, May 26th 2022. The 4-1 split was announced on Thursday, May 26th 2...
What other stocks do shareholders of ProShares Ultra Bloomberg Crude Oil own?
Based on aggregate information from My MarketBeat watchlists, some companies that other ProShares Ultra Bloomberg Crude Oil investors own include...
What is ProShares Ultra Bloomberg Crude Oil's stock symbol?
ProShares Ultra Bloomberg Crude Oil trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "UCO."
Who are ProShares Ultra Bloomberg Crude Oil's major shareholders?
ProShares Ultra Bloomberg Crude Oil's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include IMC...
Which institutional investors are selling ProShares Ultra Bloomberg Crude Oil stock?
UCO stock was sold by a variety of institutional investors in the last quarter, including IMC Chicago LLC, Integrated Advisors Network LLC, Cutler...
Which institutional investors are buying ProShares Ultra Bloomberg Crude Oil stock?
UCO stock was acquired by a variety of institutional investors in the last quarter, including Jane Street Group LLC, Trek Financial LLC, Flow Trade...
How do I buy shares of ProShares Ultra Bloomberg Crude Oil?
Shares of UCO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull...
What is ProShares Ultra Bloomberg Crude Oil's stock price today?
One share of UCO stock can currently be purchased for approximately $53.39.
How has ProShares Ultra Bloomberg Crude Oil's stock been impacted by COVID-19 (Coronavirus)?
ProShares Ultra Bloomberg Crude Oil's stock was trading at $5.24 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, UCO stock has increased by 2,295.6% and is now trading at $125.53. View which stocks have been most impacted by COVID-19.
When did ProShares Ultra Bloomberg Crude Oil's stock split? How did ProShares Ultra Bloomberg Crude Oil's stock split work?
Shares of ProShares Ultra Bloomberg Crude Oil reverse split on the morning of Tuesday, April 21st 2020. The 1-25 reverse split was announced on Friday, April 3rd 2020. The number of shares owned by shareholders was adjusted after the closing bell on Monday, April 20th 2020.
What other stocks do shareholders of ProShares Ultra Bloomberg Crude Oil own?
Based on aggregate information from My MarketBeat watchlists, some companies that other ProShares Ultra Bloomberg Crude Oil investors own include Cheniere Energy (LNG), United States Oil Fund (USO), Alibaba Group (BABA), Delta Air Lines (DAL), NVIDIA (NVDA), Tesla (TSLA), Boeing (BA), Clean Energy Fuels (CLNE), Energy Transfer Equity (ETE) and Pfizer (PFE)..
What is ProShares Ultra Bloomberg Crude Oil's stock symbol?
ProShares Ultra Bloomberg Crude Oil trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "UCO."
Who are ProShares Ultra Bloomberg Crude Oil's major shareholders?
ProShares Ultra Bloomberg Crude Oil's stock is owned by many different institutional and retail investors. Top institutional investors include 683 Capital Management LLC (0.00%), Susquehanna International Group LLP (0.00%), IMC Chicago LLC (1.28%), Citadel Advisors LLC (0.00%), Cutler Group LP (0.00%) and Simplex Trading LLC (0.36%).
Which institutional investors are selling ProShares Ultra Bloomberg Crude Oil stock?
UCO stock was sold by a variety of institutional investors in the last quarter, including Private Advisor Group LLC, Simplex Trading LLC, Parallel Advisors LLC, Brookstone Capital Management, and Geneos Wealth Management Inc..
Which institutional investors are buying ProShares Ultra Bloomberg Crude Oil stock?
UCO stock was acquired by a variety of institutional investors in the last quarter, including Susquehanna International Group LLP, IMC Chicago LLC, Bank of America Corp DE, Oxinas Partners Wealth Management LLC, Flow Traders U.S. LLC, D Orazio & Associates Inc., Wells Fargo & Company MN, and Citadel Advisors LLC.
Component Grades
We have 5 different ratings for every ETF to help you appreciate its future potential. You can unlock it all now.
ProShares Ultra Bloomberg Crude Oil (UCO) ETF Bio
The investment objective of the ProShares Ultra DJ-UBS Crude Oil ETF seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Bloomberg WTI Crude Oil Subindex.
Signals & Forecast
There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Monday, February 14, 2022, and so far it has fallen -0.13%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss
ProShares Ultra Bloomberg Crude Oil finds support from accumulated volume at $122.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Is ProShares Ultra Bloomberg Crude Oil ETF A Buy?
ProShares Ultra Bloomberg Crude Oil holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
About ProShares Ultra 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
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
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.
About ProShares Ultra Bloomberg Crude Oil
The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Bloomberg WTI Crude Oil SubindexSM.
Fund Snapshot
Quotes delayed at least 15 minutes. Market data provided by Xignite. Fund data provided by Xignite and Morningstar. See Disclaimer. Contact U.S. News Best Funds. Use of this website constitutes acceptance of the Best Funds Terms and Conditions of Use.
