OILU - ProShares UltraPro 3x Crude Oil ETF

NYSEArca - NYSEArca Delayed Price. Currency in USD
16.15
-1.02 (-5.94%)
At close: 4:00PM EST
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Previous Close17.17
Open15.84
Bid16.08 x 800
Ask16.10 x 1000
Day's Range15.45 - 16.34
52 Week Range12.89 - 36.03
Volume2,809,573
Avg. Volume1,054,380
Net Assets70.86M
NAV17.22
PE Ratio (TTM)N/A
Yield0.00%
YTD Daily Total Return-19.83%
Beta (5Y Monthly)0.00
Expense Ratio (net)0.49%
Inception Date2017-03-24
  • ETF Trends

    Gains for Oil Bears Lurking as U.S. Production Growth Could Slide

    Gains were fleeting for oil bulls following the U.S. airstrike in Iraq that killed an Iranian general, which saw prices skyrocket before subsequently falling as tensions began to subside. Putting further ...

  • Bet on Oil Surge With These Leveraged ETFs
    Zacks

    Bet on Oil Surge With These Leveraged ETFs

    Oil was off to a strong start in 2020 following the escalation in Middle East tensions that have threatened oil output in the region.

  • ETF Trends

    Oil ETFs Could Be the Best Play After a Major Middle East Crisis

    After a Middle East crisis even, crude oil prices and related ETFs typically outperform other more defensive assets in the following months. The United States Oil Fund (NYSEArca: USO), which tracks West ...

  • ETF Trends

    Oil ETFs Extend December Gains as Pros Load up on Futures

    The United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, and the United States Brent Oil Fund (NYSEArca: BNO), which tracks Brent crude oil futures, rallied again ...

  • ETF Trends

    Country of Guyana Joins Ranks of Oil Producing Nations

    Guyana sits alongside South America’s North Atlantic coast and this small country, which is just about the same size as the state of Idaho, recently joined the ranks of oil producing nations. “Guyana officially joined the ranks of oil producing nations, after ExxonMobil and its partners began oil production offshore the South American country,” an OilPrice.com report noted.

  • ETF Trends

    U.S. Oil Prices Reaching a Peak Could Fuel “DRIP” ETF

    The Energy Information Administration on Wednesday reported that U.S. crude supplies fell by 1.1 million barrels for the week ended Dec. 13, which beat analysts’ expectations polled by S&P Global Platts. ...

  • ETF Trends

    Oil ETFs Taxed as Russia Rebuffs Production Cuts

    The United States Oil Fund (USO), which tracks West Texas Intermediate crude oil futures, and the United States Brent Oil Fund (BNO) , which tracks Brent crude oil futures, slumped Tuesday as crude headed for its fifth loss in seven days on news that Russia may not want to reduce output. The expected global supply glut is also the latest threat to the Organization of the Petroleum Exporting Countries and other producers, which have already enacted production caps in an attempt to stabilize prices and balance the market.

  • ETF Trends

    December Supply Cuts by OPEC Could Give Oil Traders a Happy Holidays

    The Organization of Petroleum Exporting Countries (OPEC) and its allied members could implement supply cuts in December, which should give oil traders a holiday season worth celebrating. OPEC will meet ...

  • ETF Trends

    The Marriage of Disruptive Tech and Oil Sector Could Yield Leveraged ETF Options

    The oil and gas industry is undergoing its own renaissance with the incorporation of disruptive technology like data analytics, machine learning and artificial intelligence based on an L.E.K. Consulting ...

  • ETF Trends

    Energy Sector Could Open Opportunities for Leveraged ETFs

    Exchange-traded fund (ETF) traders armed with leverage are operating in a landscape where a U.S.-China trade war, inverted yield curves and other factors affecting global growth are making for a challenging ...

  • ETF Trends

    Could Days of Large Spikes in Oil Prices be Gone?

    Volatile price moves in oil that could cause stomach-churning, rollercoaster-like oscillations could be behind us, according to oil expert Rusty Braziel. Braziel’s comments come after drone attacks in Saudi Arabia last week saw oil prices soar on supply disruption fears. The attacks were enough to cause U.S. President Donald Trump to announce that emergency oil reserves were at-the-ready if necessary.

  • Leveraged/Inverse ETFs That Gained Double-Digits Last Week
    Zacks

    Leveraged/Inverse ETFs That Gained Double-Digits Last Week

    We have highlighted some leveraged/inverse ETF that piled up more than 10% last week.

  • Profit From the Oil Rush With These ETFs
    Zacks

    Profit From the Oil Rush With These ETFs

    Given the abrupt changes in oil price and an uncertain outlook, investors should place their bet on oil ETFs cautiously or take advantage of the quick turn in sentiment with the help of leveraged or inverse ETFs.

  • Leveraged Oil & Energy ETFs to Play on Saudi Attack
    Zacks

    Leveraged Oil & Energy ETFs to Play on Saudi Attack

    As an attack on Saudi's oilfields massively disrupted production and shot up oil prices, leveraged oil and energy ETFs are likely to surge in the short term.

  • ETF Trends

    Rising Middle East Tensions Could Spike Oil Prices This Week

    Rising tensions in the Middle East could spike oil prices further this week as events unfold following an attack on Saudi Arabian oil facilities over the weekend. This could hamper global supply, which ...

  • ETF Trends

    Oil Prices Won’t Stop U.S. From Dominating Energy

    Whether oil prices rise or fall is not a major factor to the U.S., according to Dan Brouillette, the Deputy Secretary of the U.S. Department of Energy. What is of higher importance is that the U.S. achieves energy dominance. While a protracted U.S.-China trade war and slowing global growth could affect demand, resulting in lower oil prices, being the dominant player in energy is the modus operandi for the U.S.

  • ETF Trends

    Oil Prices Jump on Third Straight Week of Inventory Declines

    It was a case of now you see it and now you don’t for oil traders this week as the Energy Information Administration on Thursday reported that U.S. crude supplies declined by 4.8 million barrels for the ...

  • ETF Trends

    Oil Prices Can Hinge Upon China’s Economy

    China is the world’s largest oil consumer and as such, oil prices can hinge upon how well its economy is performing. For example, positive economic data from China helped spur a rise in oil prices on Wednesday. Per a CNBC report, “A private survey showed that activity in China’s services sector expanded at the fastest pace in three months in August as new orders rose, prompting the biggest increase in hiring in more than a year.

  • ETF Trends

    Analyst: Oil Prices Must Fall in Order to Stay Competitive

    According to one analyst, oil prices must decline to $10 and $20 per barrel in order remain competitive in the ever-changing mobility sector. Oil prices have been racked by the market volatility due to fears of easing global demand due to the U.S.-China trade war. “We have to be very clear here,” said Mark Lewis, who is global head of sustainability research at BNP Paribas Asset Management, added.

  • ETF Trends

    Oil Spikes as Inventories Fall, Demand Fears Ease

    On Wednesday, oil prices were up more than 1% after the latest data from the U.S. Energy Information Administration revealed a steep fall in U.S. crude stockpiles. Brent crude futures were1.7% higher to reach a price of $60.52 a barrel while WTI crude futures were 1.5% higher to $55.75 a barrel. Leveraged bull traders certainly cheered the move when it looked like worries of oversupply and weaker global demand would put downward pressure on oil prices.

  • ETF Trends

    Will Oversupply Cause Oil to Continue to Underperform?

    In the last 10 years, the U.S. has been ramping up its oil production exponentially and its ready to produce even more, which could cause oil prices to underperform. Per a report by CNBC, “In the last decade, the U.S. has more than doubled oil production to 12.3 million barrels a day, making it the world’s largest producer. The Plains All American Pipeline’s Cactus II pipeline could exacerbate supply levels to the point of glut hurting oil prices.

  • ETF Trends

    Are Cloudy Skies Ahead for Bullish Oil Traders?

    The trade war impasse between the U.S. and China could keep bullish traders away from bold, leveraged plays in exchange-traded funds (ETFs). “Casting another dark cloud over the outlook for U.S. crude shipments is the ongoing U.S.-China trade impasse,” said Stephen Brennock, oil analyst at PVM Oil Associates. The U.S. China trade war could negatively affect crude oil shipments, which could tamp down any possible gains for oil prices.

  • ETF Trends

    Oil Slips as Fed Dashes Hopes of Consecutive Rate Cuts

    Following the interest rate cut of 25 basis points by the Federal Reserve, oil began by falling below $65 a barrel on Thursday, and fell for the first time in six days. “We started off [the year]expecting some rate increases. “The Fed has capitulated to softer economic growth.

  • ETF Trends

    Middle East Tensions Could Drive Oil Prices Higher

    Geopolitical tensions are broadening to start the trading week, on news that Iran’s military late Friday seized a British oil tanker near the Strait of Hormuz, apparently in response to the U.K. capturing an Iranian vessel a couple weeks ago. Iran’s standoff with the U.S. and the U.K. has been escalating recently, and is likely to continue in the coming weeks, with the concern in the marketplace that a major U.S. military strike against Iran could disrupt oil shipping in the Persian Gulf. Oil prices rose more than 1% on Monday, as investors worried about possible supply disruptions in the energy-rich Middle East after Iran's seizure of a British tanker last week.