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OILT

$--
--%
1d
1w
1m

Analysis and statistics

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About

OILT.US represents the ProShares Ultra Bloomberg Crude Oil ETF. This ETF is designed to provide twice (2x) the daily performance of the Bloomberg WTI Crude Oil Subindex. It seeks to magnify the daily returns of West Texas Intermediate (WTI) crude oil futures contracts, offering investors a leveraged way to gain exposure to short-term crude oil price movements. As a leveraged product, OILT.US is subject to increased volatility and is typically intended for sophisticated investors with a high-risk tolerance who actively monitor their positions. Due to the effects of compounding, its performance over periods longer than a single day can differ significantly from the underlying index's performance.
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Factors

OILT.US's price, reflecting an inverse leveraged bet on oil, is influenced by: Crude Oil Prices: Declining crude oil prices generally cause OILT.US to increase due to its inverse relationship. Leverage: OILT.US's 2x leverage magnifies daily oil price movements, amplifying both gains and losses. Cost of Carry: Factors like storage costs and interest rates impact the price of oil futures contracts, affecting OILT.US. Fund Management Fees: The ETF's expense ratio reduces overall returns. Rebalancing: Daily rebalancing to maintain leverage can lead to volatility and erosion of value over time.

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