SCO stock icon

ProShares UltraShort Bloomberg Crude Oil
SCO

$19.38
2.56%

Market Cap: $100M

Financials Commodity Contracts Brokers & Dealers
0
Funds holding %
of 6,710 funds
–
Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

470% more call options, than puts

Call options by funds: $10.8M | Put options by funds: $1.9M

50% more repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 4

6% more capital invested

Capital invested by funds: $9.01M [Q1] → $9.51M (+$504K) [Q2]

1.19% more ownership

Funds ownership: 4.38% [Q1] → 5.58% (+1.19%) [Q2]

0% more funds holding

Funds holding: 19 [Q1] → 19 (+0) [Q2]

0% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 6

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Research analyst outlook

We haven’t received any recent analyst ratings for SCO.

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Financial journalist opinion

Negative
Zacks Investment Research
5 days ago
Inverse Oil ETFs to Play as Oil Slips to Lowest Level Since 2021?
Oil prices declined more than 3% on Sept. 10, 2024, and fell to the lowest level since 2021 as OPEC lowers demand growth forecast.
Inverse Oil ETFs to Play as Oil Slips to Lowest Level Since 2021?
Positive
Seeking Alpha
3 months ago
SCO: With The OPEC Meeting Behind Us, Oil Prices Will Stay Supported
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.
SCO: With The OPEC Meeting Behind Us, Oil Prices Will Stay Supported
Neutral
Seeking Alpha
6 months ago
Understanding Bull And Bear Market Cycles With Jon Wolfenbarger
Jon Wolfenbarger aims to help individual investors generate double-digit profits and beat the market in both bull and bear markets.
Understanding Bull And Bear Market Cycles With Jon Wolfenbarger
Negative
Seeking Alpha
6 months ago
SCO: The 'Short Crude' Play Could Continue To Be Painful
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.
SCO: The 'Short Crude' Play Could Continue To Be Painful
Positive
ETF Trends
7 months ago
Inverse Crude ETFs Rally Amid Rumors of Potential Ceasefire in Middle East
Oil futures and ETFs fell sharply on Thursday, while inverse crude ETFs soared amid rumors of there being a chance to mitigate tensions in the Middle East. Crude traders have been observing how issues in the Middle East are playing out.
Inverse Crude ETFs Rally Amid Rumors of Potential Ceasefire in Middle East
Positive
ETF Trends
8 months ago
Top Performing Leveraged/Inverse ETFs: 12/31/2023
Top Performing Levered/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.
Top Performing Leveraged/Inverse ETFs: 12/31/2023
Neutral
Seeking Alpha
9 months ago
SCO: Shorting Oil Is Too Crowded Of A Trade
ProShares UltraShort Bloomberg Crude Oil ETF is a double short instrument that provides investors with an amplified return on their bet when oil is overbought. Shorting any underlying stock or commodity comes with heightened risks, so caution should be exercised when considering SCO as an investment option. With oil prices dropping and money managers betting on further declines, SCO may seem tempting, but its risks should be carefully considered.
SCO: Shorting Oil Is Too Crowded Of A Trade
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