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UCO

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1d
1w
1m

Analysis and statistics

  • Open
    22.6087$
  • Previous Close
    23.1776$
  • 52 Week Change
    --
  • Day Range
    -0.57$
  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

UCO.US represents the ProShares Ultra Bloomberg Crude Oil ETF. This is a leveraged exchange-traded fund (ETF) designed to provide twice (2x) the daily performance of the Bloomberg WTI Crude Oil Subindex. Investors utilize UCO.US to gain amplified exposure to short-term movements in the price of West Texas Intermediate (WTI) crude oil. It is important to note that due to its leveraged nature and daily reset, UCO.US is typically not suitable for long-term holding periods and is primarily used for short-term tactical trading strategies. Its performance can deviate significantly from the underlying index over longer periods due to the effects of compounding.

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Factors

Oil Prices: UCO's price heavily relies on West Texas Intermediate (WTI) crude oil futures. Higher oil prices typically lead to a higher UCO price.

Rolling Costs: UCO rolls its futures contracts, potentially incurring costs when the next month's contract is pricier than the current one (contango), eroding value.

Leverage: As a 2x leveraged ETF, UCO amplifies daily oil price movements, increasing both gains and losses.

Market Sentiment: General investor optimism or pessimism towards oil and energy sectors influences UCO's demand and price.

Interest Rates: Changes in interest rates can affect the cost of holding futures contracts and thus UCO's price.

Storage Costs: High storage costs for oil can negatively impact futures prices and consequently UCO's value.

Geopolitical Events: Global events impacting oil supply (e.g., conflicts, OPEC decisions) significantly affect oil prices and UCO.

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