|Day's Range||46.58 - 47.16|
|52 Week Range||34.86 - 54.50|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.95%|
Fears of global supply glut hit oil prices. Profit out of this beaten-down commodity via these ETFs.
ProShares, the world’s largest sponsor of leveraged and inverse ETFs, announced today the launch of the first and only daily 3x leveraged and inverse crude oil ETFs. ProShares UltraPro 3x Crude Oil ETF and ProShares UltraPro 3x Short Crude Oil ETF are benchmarked to the Bloomberg WTI Crude Oil SubindexSM.
Oil prices plummeted about 5% on March 8 following record U.S. output. What should be your ETF approach toward oil?