About ProShares UltraShort Bloomberg Crude Oil (SCO)

The ProShares UltraShort Bloomberg Crude Oil (SCO) is an exchange-traded fund (ETF) that aims to provide double the inverse return of the Bloomberg Crude Oil Subindex SM. This means that when the price of crude oil goes down, SCO seeks to increase in value by approximately twice that amount. The ETF achieves this through the use of financial instruments such as futures contracts and swaps. As of [DATE], SCO has a market cap of [MARKET_CAP] and a 52-week range of [52_WEEK_RANGE].

Investors who are bearish on the crude oil market may consider adding SCO to their portfolio as a way to profit from potential price declines. It is important to note that SCO is designed for short-term trading and may not be suitable as a long-term investment. Traders should also be aware of the risks associated with leveraged ETFs, as they can amplify both gains and losses. It is recommended to consult with a financial advisor before making any investment decisions.