19-Apr-2024
No press releases found.
Oil rally fades as fears ease over Israel-Iran hostilities; week ends lower
Seeking Alpha News (Fri, 19-Apr 7:30 PM ET)
Strong copper prices may pose challenge to disinflation - Interactive Brokers
Seeking Alpha News (Fri, 19-Apr 2:20 PM ET)
U.S. drilling rigs rebound after four straight weekly declines
Seeking Alpha News (Fri, 19-Apr 2:10 PM ET)
Oil prices turn lower as Israel's attack on Iran appears limited
Seeking Alpha News (Fri, 19-Apr 7:25 AM ET)
Iran oil exports hit six-year high, exposing limits in U.S.-led bid to stifle crude sales
Seeking Alpha News (Thu, 18-Apr 6:50 PM ET)
U.S. crude oil drops by most since January as supplies rise more than expected
Seeking Alpha News (Wed, 17-Apr 6:45 PM ET)
Crude inventory increased by 2.7M barrels for week ended April 12 - EIA
Seeking Alpha News (Wed, 17-Apr 10:36 AM ET)
U.S., allies plan fresh sanctions on Iran in response to attack on Israel
Seeking Alpha News (Wed, 17-Apr 4:16 AM ET)
Oil stays flat as Middle East worries offset by higher-for-longer rates outlook
Seeking Alpha News (Tue, 16-Apr 6:45 PM ET)
Oil prices could face increased uncertainty – TD Securities
Seeking Alpha News (Tue, 16-Apr 8:29 AM ET)
ProShares UltraShort Bloomberg Crude Oil seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg Commodity Balanced WTI Crude Oil Index. The Bloomberg Commodity Balanced WTI Crude Oil Index aims to track the performance of three separate contract schedules for WTI crude oil futures which are reset on a semi-annual basis. One third of the index follows a monthly roll schedule, the second third of the index follows a June annual roll schedule, while the remaining third follows a December annual roll schedule.
ProShares Ultrashort Bloomberg Crude Oil trades on the ARCA stock market under the symbol SCO.
As of April 19, 2024, SCO stock price climbed to $15.93 with 2,194,297 million shares trading.
SCO has a beta of -0.36, meaning it tends to be less sensitive to market movements. SCO has a correlation of 0.01 to the broad based SPY ETF.
SCO has a market cap of $203.99 million. This is considered a Small Cap stock.
In the last 3 years, SCO stock traded as high as $132.20 and as low as $14.44.
SCO has underperformed the market in the last year with a return of -31.5%, while the SPY ETF gained +21.2%. In the last 3 month period, SCO fell short of the market, returning -20.2%, while SPY returned +3.0%. However, in the most recent 2 weeks SCO has outperformed the stock market by returning +6.4%, while SPY returned -4.5%.
SCO support price is $15.53 and resistance is $16.15 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SCO stock will trade within this expected range on the day.