Proshares Ultrashort Bloomberg Etf Profile
| SCO Etf | USD 18.28 0.01 0.05% |
Performance2 of 100
| Odds Of DistressLess than 37
|
ProShares UltraShort is selling at 18.28 as of the 28th of November 2024; that is 0.05 percent up since the beginning of the trading day. The etf's open price was 18.27. ProShares UltraShort has about a 37 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for ProShares UltraShort Bloomberg are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of December 2022 and ending today, the 28th of November 2024. Click here to learn more.
The fund seeks to meet its investment objective by investing, under normal market conditions, in any one of, or combinations of, Financial Instruments based on WTI sweet, light crude oil. Ultrashort Bloomberg is traded on NYSEARCA Exchange in the United States. More on ProShares UltraShort Bloomberg
Moving together with ProShares Etf
Moving against ProShares Etf
ProShares Etf Highlights
| Thematic Idea | Energy ETFs (View all Themes) |
| Old Names | [CYBITS HOLDING, CYBITS HOLDING - Dusseldorf Stock Exchang, CYBITS HOLDING, Cybits Holding AG (SCO.SG), CYBITS HOLDING - Frankfurt Stock Exchang, Scottish Pacific Group Limited, Seaproducts Mechanical Shareholding JSC] |
| Business Concentration | Energy ETFs, Trading--Inverse Commodities, ProShares (View all Sectors) |
| Issuer | ProShares |
| Inception Date | 2008-11-24 |
| Benchmark | Bloomberg Commodity Balanced WTI Crude Oil Index |
| Entity Type | Partnership |
| Asset Under Management | 112.95 Million |
| Average Trading Valume | 1.28 Million |
| Asset Type | Commodities |
| Category | Energy |
| Focus | Crude Oil |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | The Bank of New York Mellon Corporation |
| Advisor | ProShare Advisors LLC |
| Custodian | The Bank of New York Mellon Corporation |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Alexander Ilyasov |
| Transfer Agent | Brown Brothers Harriman & Co. |
| Trustee | Wilmington Trust Company |
| Fiscal Year End | 31-Dec |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 10.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.95 |
| Management Fee | 0.95 |
| Country Name | USA |
| Returns Y T D | (12.54) |
| Name | ProShares UltraShort Bloomberg Crude Oil |
| Currency Code | USD |
| Open Figi | BBG000CSZTC9 |
| In Threey Volatility | 46.73 |
| 1y Volatility | 27.46 |
| 200 Day M A | 17.1665 |
| 50 Day M A | 18.0682 |
| Code | SCO |
| Updated At | 27th of November 2024 |
ProShares UltraShort Bloomberg [SCO] is traded in USA and was established 2008-11-24. The fund is classified under Trading--Inverse Commodities category within ProShares family. The entity is thematically classified as Energy ETFs. ProShares UltraShort at this time have 368.87 M in assets. , while the total return for the last 3 years was -38.8%.
Check ProShares UltraShort Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on ProShares Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding ProShares Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as ProShares UltraShort Bloomberg Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top ProShares UltraShort Bloomberg Etf Constituents
| Wti Crude Future Sep21 | 65.989995% |
| WTI Crude Future June 21 | 66.54% |
| Wti Crude Future Dec21 | 67.480004% |
ProShares UltraShort Top Holders
| CGHIX | Crow Point Defined | Mutual Fund | Tactical Allocation |
ProShares UltraShort Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in ProShares UltraShort. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.053 | |||
| Jensen Alpha | 0.1821 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.0231 |
ProShares UltraShort Against Markets
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares UltraShort Bloomberg. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
The market value of ProShares UltraShort is measured differently than its book value, which is the value of ProShares that is recorded on the company's balance sheet. Investors also form their own opinion of ProShares UltraShort's value that differs from its market value or its book value, called intrinsic value, which is ProShares UltraShort's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ProShares UltraShort's market value can be influenced by many factors that don't directly affect ProShares UltraShort's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ProShares UltraShort's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares UltraShort is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares UltraShort's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.