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About ProShares Ultra Bloomberg Crude Oil
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Inception date
Nov 25, 2008
Structure
Commodities Pool
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
ISIN
US74347Y8883
UCO seeks double the return of its futures-based index on a daily basisreflecting both the returns due to price changes on WTI futures contracts as well as any return (positive or negative) from rolling those futures contracts. 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.
Related funds
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
UCO assets under management is 393.46 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
UCO invests in cash. See more details in our Analysis section.
UCO expense ratio is 1.43%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
Yes, UCO is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, UCO doesn't pay dividends to its holders.
UCO shares are issued by ProShare Advisors LLC
UCO follows the Bloomberg Commodity Balanced WTI Crude Oil Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 25, 2008.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.