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UGEIX

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1d
1w
1m

Analysis and statistics

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About

UGEIX.US represents the Ultrashort Bloomberg Crude Oil ETF. This Exchange Traded Fund (ETF) seeks daily investment results, before fees and expenses, that correspond to two times (2x) the inverse (-2x) of the daily performance of the Bloomberg WTI Crude Oil Subindex. It is designed for sophisticated investors seeking a short-term, aggressive trading strategy related to the price of West Texas Intermediate (WTI) crude oil. Due to the effects of compounding, its performance over longer periods can differ significantly from the stated daily objective. As a leveraged and inverse product, it carries a high degree of risk and is generally unsuitable for buy-and-hold investors.
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Factors

[Underlying Index Performance]: The UGEIX.US fund tracks a specific index. The fund's price heavily depends on the performance of that underlying index. If the index rises, the fund's price is likely to increase, and vice-versa.

[Market Sentiment]: Overall investor sentiment towards the sectors or asset classes represented by the index can influence demand for UGEIX.US. Positive sentiment drives up demand and price.

[Expense Ratio]: UGEIX.US has an expense ratio, which is a percentage of assets deducted annually to cover operating costs. A higher expense ratio can negatively affect returns and slightly lower the fund's price compared to a similar fund with a lower ratio.

[Supply and Demand]: Basic economic principles apply. Higher demand for UGEIX.US, exceeding the available supply of shares, can drive the price up. Conversely, increased selling pressure can lower the price.

[Economic Factors]: Macroeconomic conditions such as inflation, interest rates, and economic growth can indirectly impact UGEIX.US by affecting the companies or assets within its underlying index.

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