United States 3x Oil Fund (USOU)
United States 3x Oil Fund operates in the Asset Management industry of the Financial Services sector, headquartered in DE, US. The stock last traded at $23.27, up 1.66% on the session, giving a market capitalisation of $13.3M. On trailing twelve-month figures it carries a trailing P/E of 1.25, a net margin of 0.0%. Its beta of 0.00 implies it has historically moved less than the broad market.
This investment vehicle strives to have its per-share net asset value (NAV) fluctuate daily by three times the percentage change of a specific short-term futures contract for light, sweet crude oil, after accounting for its expenses. Its manager, USCF, endeavors to maintain the fund's total notional exposure to this benchmark oil futures contract at approximately 300% of its NAV at the close of every trading session. The benchmark in question is the "CL" symbol for WTI Crude Oil futures, a contract for light, sweet crude oil traded on the New York Mercantile Exchange (NYMEX).
United States 3x Oil Fund is most often compared with the following Financial Services names: