ProShares UltraShort Bloomberg Crude OilSCO
SCO
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
577% more call options, than puts
Call options by funds: $20.5M | Put options by funds: $3.03M
2.05% more ownership
Funds ownership: 5.58% [Q2] → 7.63% (+2.05%) [Q3]
0% more funds holding
Funds holding: 19 [Q2] → 19 (+0) [Q3]
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
0% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 3
26% less capital invested
Capital invested by funds: $9.52M [Q2] → $7.09M (-$2.43M) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for SCO.
Financial journalist opinion
Neutral
Business Wire
1 month ago
Kinaxis Launches Supply Chain Orchestration Maturity Model and Self-Assessment
OTTAWA, Ontario--(BUSINESS WIRE)--Kinaxis® (TSX:KXS), a global leader in end-to-end supply chain orchestration, today launched the industry's first-ever Supply Chain Orchestration (SCO) Maturity Model and Self-Assessment to help global companies evaluate and advance their supply chain orchestration progress against 14 critical dimensions. “Companies are coming to us seeking guidance on how to progress their supply chain orchestration maturity to speed up decision making, improve collaboration,.
Negative
Zacks Investment Research
3 months 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.
Positive
Seeking Alpha
6 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.
Neutral
Seeking Alpha
9 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.
Negative
Seeking Alpha
9 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.
Positive
ETF Trends
10 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.
Positive
ETF Trends
11 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.
Neutral
Seeking Alpha
1 year 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.
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