ProShares - UltraShort Bloomberg Crude Oil (SCO)
ProShares - UltraShort Bloomberg Crude Oil operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in Bethesda, MD, US. The stock last traded at $25.90, up 0.27% on the session, giving a market capitalisation of $646.6M. Its beta of -2.47 implies it has historically moved less than the broad market.
ProShares UltraShort Bloomberg Crude Oil is an investment vehicle engineered to deliver daily returns that are twice the inverse of the Bloomberg Commodity Balanced WTI Crude Oil Index's daily performance. This means that, before accounting for fees and expenses, the fund aims to move in the opposite direction of the index's daily changes, at a magnitude of 200%.
ProShares - UltraShort Bloomberg Crude Oil is most often compared with the following Financial Services names: