UCO - ProShares Ultra Bloomberg Crude Oil

NYSEArca - NYSEArca Delayed Price. Currency in USD
29.82
-2.74 (-8.42%)
At close: 4:00PM EDT
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Previous Close32.56
Open30.89
Bid0.00 x 1200
Ask0.00 x 1200
Day's Range29.64 - 30.91
52 Week Range12.36 - 34.67
Volume5,151,656
Avg. Volume3,036,900
Net Assets428.4M
NAV30.68
PE Ratio (TTM)N/A
Yield0.00%
YTD Return30.12%
Beta (3y)3.62
Expense Ratio (net)0.98%
Inception Date2008-11-24
Trade prices are not sourced from all markets
  • Where US Crude Oil Could Close Next Week
    Market Realist2 days ago

    Where US Crude Oil Could Close Next Week

    The inverse relationship between oil prices and oil’s implied volatility is illustrated in the above graph. Since US crude oil’s 12-year low in February 2016, US crude oil active futures have risen 169.8%. US crude oil’s implied volatility fell 70.1% between February 11, 2016, and May 24, 2018. Price forecast

  • Surprise Build in US Crude Oil Inventories Pressured Oil Prices
    Market Realist2 days ago

    Surprise Build in US Crude Oil Inventories Pressured Oil Prices

    On May 23, the EIA released its crude oil inventory report. The EIA reported that US crude oil inventories increased by ~5.8 MMbbls to 438.1 MMbbls on May 11–18. However, the inventories declined by 78.2 MMbbls or ~15% YoY (year-over-year).

  • Oil Stocks Poised to Play Catch-Up After Lagging Run-Up in Crude Prices
    Harvest Exchange4 days ago

    Oil Stocks Poised to Play Catch-Up After Lagging Run-Up in Crude Prices

    Until recently, energy stocks have failed to keep pace with the surging price of crude. Now Lead Energy Analyst Noah Barrett sees potential for well-managed, upstream and midstream companies to benefit from the highest spot prices for Brent and West ...

  • Chesapeake Energy Stock on the Move: What’s Driving the Rally?
    Market Realist4 days ago

    Chesapeake Energy Stock on the Move: What’s Driving the Rally?

    Chesapeake Energy (CHK) stock has been rising following its strong first-quarter earnings and the rally in oil prices. In the week ending May 21, Chesapeake Energy stock increased 28%. Crude oil prices (UCO) have also been strong at over $70 per barrel for almost two weeks.

  • A Review of Whiting Petroleum Stock
    Market Realist4 days ago

    A Review of Whiting Petroleum Stock

    Whiting Petroleum (WLL) stock has shown a significant uptrend since the beginning of the year, rising 94% year-to-date. 

  • Are Oil’s Supply Concerns Rising?
    Market Realist5 days ago

    Are Oil’s Supply Concerns Rising?

    On May 21, US crude oil July futures closed $5.97 above the July 2019 futures contract. On May 14, the futures spread or the price difference was at a premium of $5.75. On May 14–21, US crude oil July futures rose 1.9%.

  • Did Oil ETFs Outperform US Crude Oil Last Week?
    Market Realist6 days ago

    Did Oil ETFs Outperform US Crude Oil Last Week?

    On May 11–18, the ETFs that follow US crude oil futures had the following performances: The United States Oil ETF (USO) rose 1.3%. The United States 12 Month Oil ETF (USL) rose 0.8%. The ProShares Ultra Bloomberg Crude Oil ETF (UCO) rose 2.5%.

  • 361 Capital Weekly Research Briefing: Thinner Air...
    Harvest Exchange9 days ago

    361 Capital Weekly Research Briefing: Thinner Air...

    May 14, 2018 Market risk remains elevated up here as U.S. interest rate increases put further pressure on all other asset prices. While equity markets moved higher last week providing some calm in the world, Emerging Market currencies remained highly ...

  • Where Could US Crude Oil Close Next Week?
    Market Realist9 days ago

    Where Could US Crude Oil Close Next Week?

    The inverse relationship between oil prices and oil’s implied volatility is illustrated in the graph above. Since US crude oil’s 12-year low in February 2016, US crude oil active futures have risen 172.8%. US crude oil’s implied volatility fell 69.4% between February 11, 2016, and May 17, 2018. Price forecast

  • Decline in US Crude Oil Inventories Supports Oil Prices
    Market Realist10 days ago

    Decline in US Crude Oil Inventories Supports Oil Prices

    On May 16, the EIA released its weekly crude oil inventory report. The EIA reported that US crude oil inventories declined by ~1.4 MMbbls to 432.3 MMbbls on May 4–11. The inventories also declined by 88.4 MMbbls or ~17% from a year ago.

  • What Are the EIA’s Latest Forecasts for WTI Crude Oil?
    Market Realist10 days ago

    What Are the EIA’s Latest Forecasts for WTI Crude Oil?

    The EIA’s (U.S. Energy Information Administration) May Short-Term Energy Outlook Report noted that WTI (West Texas Intermediate) crude oil would average $66 per barrel in 2018 and $61 per barrel in 2019.

  • API Reports an Unexpected Rise in US Crude Oil Inventories
    Market Realist11 days ago

    API Reports an Unexpected Rise in US Crude Oil Inventories

    On May 15, the API released its crude oil inventory report. The API reported that US crude oil inventories increased by 4.85 MMbbls on May 4–11. Analysts estimate that US oil inventories could have decreased by 0.8 MMbbls during the same period. The API added that the crude oil inventory at Cushing increased by ~0.1 MMbbls on May 4–11.

  • The Futures Spread after the US Exited the Iran Nuclear Deal
    Market Realist12 days ago

    The Futures Spread after the US Exited the Iran Nuclear Deal

    On May 14, US crude oil June 2018 futures closed $4.87 above June 2019 futures contracts, and on May 7, the spread stood at $5.17. Between May 7 and May 14, US crude oil June futures rose 0.3%.

  • How Did Oil ETFs Perform Last Week?
    Market Realist13 days ago

    How Did Oil ETFs Perform Last Week?

    On May 4–11, the ETFs that follow US crude oil futures had the following performances: The United States Oil ETF (USO) rose 1.1%. The United States 12 Month Oil ETF (USL) rose 2.6%. The ProShares Ultra Bloomberg Crude Oil ETF (UCO) rose 2.5%.

  • Oasis Petroleum Stock’s Reaction to 1Q18 Earnings
    Market Realist16 days ago

    Oasis Petroleum Stock’s Reaction to 1Q18 Earnings

    Following Oasis Petroleum’s (OAS) 1Q18 earnings release after the market closed on May 7, its stock rose ~1.8% the next day.

  • Is $73 Possible for US Crude Oil Until Next Week?
    Market Realist16 days ago

    Is $73 Possible for US Crude Oil Until Next Week?

    The inverse relationship between oil prices and oil’s implied volatility is illustrated in the above graph. Since US crude oil’s 12-year low in February 2016, US crude oil active futures have risen 172.3%. US crude oil’s implied volatility fell 67.6% between February 11, 2016, and May 10, 2018. Price forecast

  • Analyzing the Possible Impacts of the Iran Deal Exit
    Market Realist16 days ago

    Analyzing the Possible Impacts of the Iran Deal Exit

    President Trump’s decision to withdraw from the Joint Comprehensive Plan of Action (or JCPOA) could lead to regional conflicts in the Middle East. Israel and Saudi Arabia, two of Iran’s neighbors, have extended support to President Trump’s decision, which could escalate the tensions in the region. Stock prices of energy (XLE) companies like Marathon Oil (MRO) and Hess have zoomed higher since the Iran deal pull-out and look set for further gains if crude prices continue to surge.

  • Harvest Exchange16 days ago

    Oil Prices Likely to Rise With U.S. Withdrawal From Iran Nuclear Deal

    The ultimate impact will depend on Russia and OPEC’s responses to rising prices and tightening supplies. The U.S. decision to pull out of the Iran nuclear deal has potentially profound implications for the oil market. While withdrawal from the Joint ...

  • US Crude Oil Inventories Fell from 2018 High
    Market Realist17 days ago

    US Crude Oil Inventories Fell from 2018 High

    On May 9, the EIA released its crude oil inventory report. The EIA reported that US crude oil inventories dropped by ~2.2 MMbbls (million barrels) to 433.8 MMbbls on April 27–May 4. The inventories dropped from the 2018 high hit during the week ending April 27. The inventories also declined by 88.8 MMbbls or ~17% YoY (year-over-year).

  • API Reports a Drop in US Crude Oil Inventories
    Market Realist17 days ago

    API Reports a Drop in US Crude Oil Inventories

    On May 8, the API (American Petroleum Institute) released its crude oil inventory report. The API reported that US crude oil inventories decreased by 1.85 MMbbls (million barrels) on April 27–May 4. Market surveys estimate that US oil inventories could have decreased by 0.7 MMbbls during the same period. The API added that the crude oil inventory at Cushing increased by ~1.6 MMbbls on April 27–May 4.

  • US Dollar Index Reached a 2018 High
    Market Realist17 days ago

    US Dollar Index Reached a 2018 High

    The US Dollar Index rose ~0.7% to 93.1 on May 1–8—the highest level since December 26, 2017. June WTI crude oil futures increased ~2.7% on May 1–8. The strong US Dollar Index would have limited the upside for oil prices during this period.

  • Is Natural Gas Tracking Oil Prices?
    Market Realist18 days ago

    Is Natural Gas Tracking Oil Prices?

    On May 1–8, the correlation between natural gas and US crude oil June futures was 3.2%. During this period, US crude oil and natural gas prices moved in the same direction in two instances in five trading sessions—based on the closing prices.

  • MarketWatch19 days ago

    Expect a renegotiation of the Iran nuclear deal despite Trump’s hardline approach

    President Trump’s decision to pull the U.S. out of the Iranian nuclear deal was widely expected. Oil prices surged about 10% in the past month, and traders got exactly what they were expecting, except maybe for one caveat. The announcement by Trump was a hardline approach, but it still provided ample opportunity for renegotiating the deal.

  • Anadarko Petroleum Stock Reacts to 1Q18 Earnings
    Market Realist19 days ago

    Anadarko Petroleum Stock Reacts to 1Q18 Earnings

    Anadarko Petroleum’s (APC) 1Q18 earnings were released on May 1 after the markets closed. Anadarko Petroleum stock fell 1.4% the next day. The stock fell despite better-than-expected 1Q18 earnings. To learn more about Anadarko Petroleum’s 1Q18 performance, read Anadarko Petroleum’s 1Q18 Earnings: Must-Knows. The drop could be due to lower revenues YoY (year-over-year) in 1Q18 and lower production, as we discussed in the previous part.

  • Are Oil ETFs Outperforming US Crude Oil?
    Market Realist20 days ago

    Are Oil ETFs Outperforming US Crude Oil?

    On April 27–May 4, the ETFs that follow US crude oil futures had the following performances: The United States Oil ETF (USO) rose 2.6%. The United States 12 Month Oil ETF (USL) rose 2.5%. The ProShares Ultra Bloomberg Crude Oil ETF (UCO) rose 4.8%.