No press releases found.
Weak diesel market adds to concerns about global oil demand
Seeking Alpha News (Thu, 2-May 6:50 PM ET)
Oil prices tumble on surprise build in U.S. crude stocks
Seeking Alpha News (Wed, 1-May 7:20 PM ET)
Oil prices tumble to seven-week lows on surprise build in U.S. crude stocks
Seeking Alpha News (Wed, 1-May 7:20 PM ET)
Crude inventory increased by 7.3M barrels for week ended April 26 - EIA
Seeking Alpha News (Wed, 1-May 10:35 AM ET)
Oil posts back-to-back losses on Israel-Hamas ceasefire talks, higher U.S. output
Seeking Alpha News (Tue, 30-Apr 7:50 PM ET)
Oil tumbles on Middle East ceasefire talks, Trans Mountain pipeline expansion
Seeking Alpha News (Mon, 29-Apr 7:15 PM 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 May 3, 2024, SCO stock price climbed to $16.86 with 1,659,331 million shares trading.
SCO has a beta of -0.35, 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 $195.66 million. This is considered a Micro Cap stock.
In the last 3 years, SCO stock traded as high as $125.20 and as low as $14.44.
SCO has underperformed the market in the last year with a return of -38.3%, while the SPY ETF gained +26.0%. In the last 3 month period, SCO fell short of the market, returning -17.4%, while SPY returned +3.7%. However, in the most recent 2 weeks SCO has outperformed the stock market by returning +6.4%, while SPY returned +2.3%.
SCO support price is $16.42 and resistance is $17.18 (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.