Is UCO a stock or ETF?



3 Year Annualized Market Total Return AS OF 03/31/2022 -34.21 +15.58%
Beta (1 Year Month-End) AS OF 04/15/2022 3.06% 0.62
Annual Turnover Ratio AS OF — 0.00% 0.00%
Net Expense Ratio AS OF 02/23/2022 1.62% 0.69%

What type of ETF is UCO?

ProShares Ultra Bloomberg Crude Oil (UCO)

Net Assets 1.35B
YTD Daily Total Return 78.19%
Beta (5Y Monthly) 4.55
Expense Ratio (net) 1.62%
Inception Date 2008-11-24

Is UCO a good ETF to buy?

As a geared product, UCO is designed for a one-day holding period, it’s not appropriate for buy-and-hold investors. Daily compounding can lead to the fund’s returns varying significantly from those of the index over holding periods of greater than one day. UCO is a great choice for a leveraged energy play.

What is UCO stock based on?

The fund seeks to meet its investment objective by investing, under normal market conditions, in any one of, or combinations of, Financial Instruments (including swap agreements, futures contracts, forward contracts, and option contracts) based on WTI sweet, light crude oil. It will not invest directly in oil.

How does UCO ETF work?

Summary. UCO is designed to track 2 times the daily percentage return in the Bloomberg Commodity Balanced WTI Crude Oil Index. Because UCO tracks the daily percent change in the Bloomberg WTI Index, returns for UCO over longer holding periods usually deviate significantly from 2 times the performance of WTI.

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What are USO holdings?

Fund Summary

USO invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels.

Does UCO stock pay dividends?

UCO does not currently pay a dividend.

Why has UCO dropped so much?

Structural Changes. One of the biggest reasons that USO and UCO crashed was their 100% exposure to the nearest-term oil futures contract. Even though they are considered the best proxy for current oil prices, these tend to be the most volatile.

Is UCO a long term investment?

But UCO shouldn’t ever be found in a long-term, buy-and-hold portfolio; it’s simply too risky, and the nuances of this fund make it likely to lose money over the long run regardless of changes in spot oil prices, thanks to the damaging impact of contango.

Is UCO expected to rise?

Given the current short-term trend, the ETF is expected to rise 41.41% during the next 3 months and, with a 90% probability hold a price between $225.87 and $322.88 at the end of this 3-month period.

What is USO ETF?

The United States Oil Fund (NYSE Arca: USO) is an exchange-traded fund (ETF) that attempts to track the price of West Texas Intermediate Light Sweet Crude Oil. It is distinguished from an exchange-traded note (ETN) since it represents an ownership claim on underlying securities that the fund has packaged.

What country is UCO?

Uco District

Country Peru
Region Ancash
Province Huari
Capital Uco