Learn everything about ProShares UltraPro 3x Short Crude Oil ETF (OILD). Free ratings, analyses, holdings, benchmarks, quotes, and news. 3x Oil ETF An exchange-traded fund, or ETF, is an investment product representing a basket of securities that track an index such as the Standard & Poor's 500 Index. ETFs, which are available to individual investors only through brokers and advisers, trade like stocks on an exchange. For example, the Direxion Daily S&P Oil & Gas Exploration & Production Bull 3X Shares ETF seeks to return 300% of the performance of the S&P Oil & Gas Exploration & Production Select Industry Index each day. Leveraged ETPs can provide outsized returns, but they also involve outsized risk. The 3x ETFs also have very high expense ratios, which makes them unattractive funds for long-term investors. For example, the VelocityShares 3x Long Crude Oil ETN has an expense ratio of 1.35%.
ProShares UltraPro 3x Short Crude Oil ETF seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the Bloomberg WTI Crude Oil Subindex SM. This fund is not an investment company regulated under the Investment Company Act of 1940 and is not afforded its protections. The Fund seeks to correspond to a multiple or an inverse multiple of the performance of a benchmark of crude oil futures, the Bloomberg WTI Crude Oil Subindex. The Fund will gain exposure to the Benchmark by investing substantially all of its assets in futures contracts for West Texas Intermediate sweet, light crude oil.
Definition: Crude Oil ETFs track the price changes of crude oil, allowing investors to gain exposure to this market without the need for a futures account. Click on the tabs below to see more information on Crude Oil ETFs, including historical performance, dividends, holdings, expense ratios, technical indicators, analysts reports and more. The largest Oil ETF is the SPDR S&P Oil & Gas Exploration & Production ETF XOP with $1.81B in assets. In the last trailing year, the best performing Oil ETF was the DRIP at 203.43%. The most-recent ETF launched in the Oil space was the United States 3x Short Oil Fund USOD in 07/20/17. Find the latest quotes for ProShares UltraPro 3x Short Crude Oil ETF (OILD) as well as ETF details, charts and news at Nasdaq.com. ProShares UltraPro 3x Short Crude Oil News. Crude oil +2% as Saudi pledges to cut production by another 500K bbl/day By Seeking Alpha - Feb 12, 2019. Crude oil prices are rising, as OPEC says in its monthly report that the cartel's production fell by nearly 800K bbl/day in January to 30.8M bbl/day, and Saudi Arabia pledges to ProShares UltraPro 3x Short Crude Oil ETF seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the Bloomberg WTI Crude Oil Subindex SM. This fund is not an investment company regulated under the Investment Company Act of 1940 and is not afforded its protections. On Monday, ProShares rolled out the ProShares UltraPro 3x Crude Oil ETF (NYSEArca: OILU) and ProShares UltraPro 3x Short Crude Oil ETF (NYSEArca: OILD). Both new funds come with a 0.95% expense ratio. “With OILU and OILD, investors can, for the first time, obtain daily 3x and -3x exposure to crude oil Learn everything about ProShares UltraPro 3x Short Crude Oil ETF (OILD). Free ratings, analyses, holdings, benchmarks, quotes, and news.
The United States 3x Oil FundSM (USOU) is an exchange-traded product short -term futures contract on light, sweet crude oil called the “Benchmark Oil Learn everything you need to know about VelocityShares 3x Inverse Crude Oil ETN (DWTIF) and how it ranks compared to other funds. Research performance View the latest ProShares UltraPro 3x Short Crude Oil ETF (OILD) stock price and news, and other vital information for better exchange traded fund investing. Find real-time OILD - ProShares UltraPro 3x Short Crude Oil ETF stock quotes, company profile, news and forecasts from CNN Business.
Velocity 3X Inverse Crude Oil stocks price quote with latest real-time prices, charts, financials, latest news, technical analysis and opinions.