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ProShares Ultra Bloomberg Crude Oil (UCO)

NYSE
Currency in USD
Disclaimer
31.81
+0.29(+0.92%)
Closed
After Hours
31.84+0.03(+0.10%)

UCO Comments

This really is a terrible bet. It tracks with nothing, but the short, and shorter profile as the pro shares guys “don’t control bid and ask”...garbage the price was 12.70 when oil was 12.00 and now oil 24 dollars... this garbage reflects a 20% move up on a double in two weeks. Criminal, no matter what contract that want to claim they are in... Shut down the fund for false advertising.
Nope... Went long US Steel as a protest.
The Bloomberg WTI Crude Oil Subindex, a subindex of the Bloomberg Commodity Index, is intended to reflect the performance of crude oil as measured by the price of futures contracts of West Texas Intermediate sweet, light crude oil. The performance of the crude oil futures market is normally very different than the performance of the physical crude oil market. It is a "rolling index," which means that it does not take physical possession of any commodities. The roll occurs over a period of five business days in certain months according to a pre-determined schedule, generally beginning on the sixth business day of the month and ending on the tenth business day. Each day, approximately 20% of each rolling futures position that is included in the month's roll is rolled, increasing from 0% to 20%, 40%, 60%, 80% and finally 100%. The Bloomberg WTI Crude Oil Subindex will reflect the performance of its underlying crude oil futures contracts, including the impact of rolling, without regard to
income earned on cash positions.
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