ProShares UltraShort Bloomberg Crude Oil SCO

#Goodllongs - what’s your view now on #SCO

What is the short term price target for #SCO?

@Goodlongs, Russia has decided to cut the production in March. This will lead to upward price movement for Brent Oil.

Please see the below chart for the comparison:

Can somebody in this group explain / clarify as to why SCO price is not increasing in commensurate with price decrease in Crude Oil? If you compare the SCO and Crude historical price movements over the last 10-15 years, it is quite obvious. At this crude price level, SCO price was much higher in the past.

Why SCO / DRIP is so down though oil price has gone down materially?

An5 idea why #SCO price is not increasing proportionately (2X) with dip in Crude / Brent Oil price?

Are we not supposed to be 2x bear to USO? Looks like it’s 1.5x now.

Are we not supposed to be 2x bear to USO? Looks like it’s 1.5x now.