|Bid||0.0000 x 1800|
|Ask||0.0000 x 900|
|Day's Range||28.5584 - 34.8800|
|52 Week Range||28.5584 - 92.5090|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.00|
|Expense Ratio (net)||0.55%|
Although commodities might lack the luster and hype of the stock and bond markets, they nonetheless performed impressively throughout most of 2018. Indeed, ETF.com reports that strong performance in energy names led commodities to their highest level since 2014, as of earlier this fall. With a rally going on for more than two years, commodities quietly rose to strong levels of performance.
Thus far in 2018, adding higher oil prices to leveraged exchange-traded products (ETPs) has created a combination of combustible profits for traders. As such, leveraged oil plays have had bullish traders gushing as oil prices continued their ascent on the latest supply data from the U.S. Energy Department.
Indications that oil supply could be tightening have continued to send oil prices on their upward trajectory, which have benefitted leveraged exchanged-traded products tied to the commodity's price. Currently, the price of WTI Crude stands at $72 and Brent Crude at just under $82, but the idea of $100 oil prices have already entered into the realm of possibilities by the end of this year. Earlier this week, U.S. President Donald Trump prodded the Organization of the Petroleum Exporting Countries (OPEC) to ramp up production levels in order to temper oil prices ahead of mid-term Congressional elections.
A leveraged play on energy or oil could be an excellent idea as these could see huge gains in a very short time frame when compared to the simple products.