When did UCO stock split?
Apr 22, 2022 · ProShares Ultra Bloomberg Crude Oil's stock was trading at $5.24 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, UCO shares have increased by 3,257.1% and is now trading at $175.91. View which stocks have been most impacted by COVID-19.
What happened to the USO and UCO?
Find the latest ProShares Ultra Bloomberg Crude Oil (UCO) stock discussion in Yahoo Finance's forum. Share your opinion and gain insight from other stock traders and investors.
Is UCO stock headed for another 40% loss?
Apr 17, 2022 · View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations. Get daily stock ideas top-performing Wall Street analysts.
How many times has ultra Bloomberg crude oil (UCO) split?
MarketWatch: Stock Market News - Financial News - MarketWatch
Why is UCO stock down today?
Structural Changes. One of the biggest reasons that USO and UCO crashed was their 100% exposure to the nearest-term oil futures contract. Even though they are considered the best proxy for current oil prices, these tend to be the most volatile.Jun 9, 2020
Is UCO a good buy now?
UCO is rated a 5 out of 5.
Is UCO expected to rise?
Given the current short-term trend, the ETF is expected to rise 41.41% during the next 3 months and, with a 90% probability hold a price between $225.87 and $322.88 at the end of this 3-month period.
Is UCO a long term investment?
But UCO shouldn't ever be found in a long-term, buy-and-hold portfolio; it's simply too risky, and the nuances of this fund make it likely to lose money over the long run regardless of changes in spot oil prices, thanks to the damaging impact of contango.
What is UCO stock based on?
light crude oilThe 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.
Does UCO stock pay dividends?
UCO does not currently pay a dividend.
Can you split UCO?
As a result of the reverse stock split, each UCO share will be converted into the right to receive 0.04 (New) ProShares Ultra Bloomberg Crude Oil share. The reverse stock split will become effective before the market open on April 21, 2020.Apr 9, 2020
Is UCO leveraged?
Product Structure. UCO fits aptly into the family of leveraged oil-focused ETFs.Jul 12, 2021
How can I invest in UCO stock?
How to buy shares in ProShares Ultra Bloomberg Crude OilCompare share trading platforms. ... Open and fund your brokerage account. ... Search for ProShares Ultra Bloomberg Crude Oil. ... Purchase now or later. ... Decide on how many to buy. ... Check in on your investment.Apr 29, 2020
What type of ETF is UCO?
ProShares Ultra Bloomberg Crude Oil (UCO)Net Assets1.35BYTD Daily Total Return78.19%Beta (5Y Monthly)4.55Expense Ratio (net)1.62%Inception Date2008-11-243 more rows
How does UCO ETF work?
Summary. UCO is designed to track 2 times the daily percentage return in the Bloomberg Commodity Balanced WTI Crude Oil Index. Because UCO tracks the daily percent change in the Bloomberg WTI Index, returns for UCO over longer holding periods usually deviate significantly from 2 times the performance of WTI.Jan 25, 2022
What are USO holdings?
USO invests primarily in listed crude oil futures contracts and other oil-related contracts, and may invest in forwards and swap contracts. These investments will be collateralized by cash, cash equivalents, and US government obligations with remaining maturities of 2 years or less.
How has ProShares Ultra Bloomberg Crude Oil's stock price 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...
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 reverse split on Tuesday, April 21st 2020. The 1-25 reverse split was announced on Friday, April 3rd 202...
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 investors include 683 Ca...
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...
Which institutional investors are buying ProShares Ultra Bloomberg Crude Oil stock?
UCO stock was bought by a variety of institutional investors in the last quarter, including Susquehanna International Group LLP, IMC Chicago LLC, B...
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 $153.57.
ProShares Ultra Bloomberg Crude Oil Media Sentiment
Each headline receives a score ranging from 2 (good news) to -2 (bad news). Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press.
Media Coverage
We track news headlines from hundreds of news outlets and tag them by company. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week.
ProShares Ultra Bloomberg Crude Oil (NYSEARCA UCO) News Headlines Today
Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm.
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Investment Policy
The Fund seeks daily investment results (before fees and expenses) that correspond to twice (200%) the daily performance, whether positive or negative, of its corresponding benchmark, the Dow Jones - AIG Crude Oil Sub-Index. The Underlying Index is designed to track crude oil futures prices.
Why did UCO and USO crash?
Structural Changes. One of the biggest reasons that USO and UCO crashed was their 100% exposure to the nearest-term oil futures contract. Even though they are considered the best proxy for current oil prices, these tend to be the most volatile.
Is the airline industry decimated?
The airline industry has been decimated and it could similarly take years for passenger traffic to pick up to where it once was. There's probably a desire to travel now that summer is here and restrictions are being lifted, but how many people are really anxious to get back into crowded places.
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.
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Benchmark for UCO
The Bloomberg Commodity Balanced WTI Crude Oil Index is intended to reflect the crude oil segment of the commodities market. The index consists of futures contracts on crude oil only.
Fund Summary for UCO
The ProShares Ultra Bloomberg Crude Oil seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Bloomberg Commodity Balanced WTI Crude Oil Index.