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SCO

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

Analysis and statistics

  • Open
    17.4795$
  • Previous Close
    17.2648$
  • 52 Week Change
    --
  • Day Range
    0.21$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

SCO.US represents ProShares UltraShort Bloomberg Crude Oil, an exchange-traded fund (ETF) designed to deliver twice the inverse (-2x) of the daily performance of the Bloomberg WTI Crude Oil Subindex. It seeks to provide leveraged short exposure to crude oil prices, meaning it aims to increase in value when crude oil prices decline and vice versa. As a leveraged product, SCO.US is generally intended for short-term trading and may not be suitable for long-term investment due to the effects of compounding and volatility. Investors should understand the risks associated with leveraged and inverse ETFs before investing.

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Factors

Inverse Correlation: SCO's price moves inversely to crude oil futures prices. Crude Oil Volatility: Higher oil price volatility leads to SCO price fluctuations. Futures Contract Roll: SCO's performance affected by rolling futures contracts. Interest Rates: Interest rate changes influence the cost of holding futures. Market Sentiment: Overall market sentiment impacts demand for SCO.

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