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ProShares Ultra Bloomberg Crude Oil (UCO)

NYSE
Currency in USD
Disclaimer
31.81
+0.29(+0.92%)
Closed
Pre Market
31.97+0.16(+0.50%)

UCO Comments

UCO starts rolling over on the 10th guys come on, please stop asking these questions every month and read your prospectus before buying.  you are throwing your money away!
Hello people, do you know when will happen the jun20 roll over?
hey google. .......
jun20
watch out for Rollover ..Many will not take delivery ..I am selling all mine,,Could be a good buying opportunity May 20.. I have been wrong before,,
Wait I just realized you meant rollover from June contract to July. You are correct, we might see a dip in UCO because of it.
thought most vehicles already got rid of June contracts earlier this month? seems to me that volume is concentrated in July now, and UCO is holding contracts 3 months out -> shouldn't be too bad
 You are correct, didn't notice volume is 6 times higher in july than june. Thats a good thing.
My unit cost is $48.05 - purchased in April before the reverse split.  I doubt if oil ever gets to $50 I will ever see any return.  I will keep holding, but I should have done better research on how to align a position with oil prices so cheap.  If you got in for $12.00 less than a week after the "big drop" you timed it very well.  This is all about timing and not emotion as you can never tell.  Hope I can recover from this one!
yea i was around that range after the split, been averaging down slowly. Made a mistake and I am learning from it.
$0.44 from Backwardation
I bot UCO when it was 12 and Oil was 12 Now oil 25 and this is 16. It makes total sense, this must be the soybean stock.
I totally agree
Is there anyone knows how and when the components of UCO will be changed? Do ProShares have a plan or schedule for it, either long term or short term.
 hahah :D
 I think they can change what UCO is tracking, but they should provide all shareholders a plan.
 They did, they said, buyer beware, all bets are off... if ew are going to get sucked into a low value commodity situation with unpredictable futures, then you gamblers can suq it.
Leverage product is gambling period
Ι am waiting for tomorrow NAV. Yesterday it was 16.05. Tonight if it follows bloomberg wti index it has to increase above 4%. Until tonight's NAV is announced I take it as being sold in discount to NAV
when do they announce the NAV daily?
reading some of the comments here, why yall invest in a leveraged product without even knowing what it is? -> it's not following June contract and it's not following the Index exclusively either
what does it follow
 September + December + Index
its following what?? can you explain
I hate this thing. makes zero logic
i am surprised, how the oli up 8% and uco dawn!!!!!
Even a different price from Bloomberg is expected, but rarely. This index going down on an up day has occurred way to often in the last month or so. Does not make sense and even if wrong, we won't see a suit. IMHO
Problem is people dont have the guts here for a Suit
- It’s not about the guts.. moreover you need to know the fund and it’s rules and regulations better before making an investment.. most don’t..
- We all look for short term profits.. and at times forget the shortcomings..
I hate this thing. makes zero logic
oil ETFs are a strange animal for sure.
we have to complain at SEC !!!
Yes, you are right.. someone needs to sue them big time..
I could be wrong......But wonder if this ETF tracks 2X when oil goes down and only 0.5X when oil goes up???? This ETF wasnt working like that about 3 months ago. i been paying attention
The WTI is up 7% today, but this is based on the Bloomberg index (which is up 2.79% today).  That index has gone from 46 to 57 between may 1 and now, and has been flat for a week.  WTI has shot up 300%.
Have to check what the Backwardation and Contango numbers if this is already tracking the September contracts. I will check later today
sept 37% and dec 28%, remainder is swaps. that is what I saw earlier today
This must be scam
Ir gross missmanagement
What ever, this is it. Better short this than long
buy CLVS and VBIV, I made more money on those that this junk ETF in a month
If we have to track this through Dec. rather I would invest in a strong ( Exxon, Chevron) balance-sheet. Worthless and wast of time.
this thing is a piece of junk
These are the funds only to ********money. When the oil is down, this will be down and when the oil is ip, thos still ne down. Will never be able to make money with this ***
What crude contract(s) does UCO track ?
Can somebody explain why uco is down while oi up?
Dec oil is down
- yes but it it was not in line with UCO yesterday. So we donn’t know realy
Why the ********is UCO Negve?
What the ******* Why this is going down when oil is ip 6%
garbage management
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