(SCO) ProShares UltraShort - NYSE
ETF Category: Trading--Inverse Commodities | Exchange: NYSE (USA) | Market Cap: 1.180m USD | Total Return: -50.3% in 12m
Avg Turnover: 246M
Warnings
No concerns identified
Tailwinds
Seasonality
SCO is an inverse, leveraged commodity ETF that seeks to deliver a multiple of the inverse daily performance of a Bloomberg WTI crude oil index. Rather than holding physical commodities, the fund gains exposure to WTI sweet light crude oil through derivatives, including swap agreements, futures contracts, forward contracts, and option contracts.
ProShares is a major issuer of leveraged and inverse exchange-traded products, and its Ultra and UltraShort funds typically target two times the daily return (or two times the inverse daily return) of an underlying benchmark. Because the fund resets its exposure daily and relies on derivatives rather than physical barrels of oil, it is generally used for short-term tactical positioning on falling crude prices rather than as a long-term holding.
- WTI crude oil prices decline on oversupply concerns
- OPEC+ raises production quotas pressuring oil futures lower
- Global economic slowdown weakens crude oil demand outlook
- Persistent contango in oil futures erodes SCO daily returns
As of June 29, 2026, the stock is trading at USD 35.60 with a total of 7,287,867 shares traded. Over the past week, the price has changed by +11.81%, over one month by +33.83%, over three months by +10.42% and over the past year by -50.31%.
Current recommended Stop Loss: 33.40 (which is 6.2% or 1.2 ATR below the current price).
ProShares UltraShort has no consensus analysts rating.