ProShares Ultra Bloomberg Crude Oil (UCO)
ARCA ARCA Primary Summary
UCO Chart
UCO: Leveraged Oil Futures In A Climate Of Fragile Peace
ProShares Ultra Bloomberg Crude Oil ETF offers 2x leveraged exposure to WTI crude futures, benefiting from persistent backwardation. UCO's NAV gains are driven by positive roll yield and leverage, with backwardation enhancing returns as contracts are rolled over. Peace in the Middle East poses a risk: a flip to contango would erode UCO's roll yield and NAV appreciation.
UCO Is Up 125% This Year but a Hidden Structural Risk Could Erase the Gains
Growing significantly in 2026, ProShares Ultra Bloomberg Crude Oil 2x ( NYSEARCA:UCO ) has become one of the most talked-about tickers on Reddit this month, and the catalyst arrived at full force: UCO is up 73% over the past month as the geopolitical shock retail traders had been positioning for took hold.
Warning This 2x Crude Oil ETF Could Double Your Gains or Your Losses This Week
The ProShares Ultra Bloomberg Crude Oil ETF (NYSEARCA:UCO) is built for one specific purpose: to deliver twice the daily return of WTI crude oil.
ProShares Ultra Bloomberg Crude Oil Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CE Curtis Ellergodt Rothschild Investment LLC | 400 | $10,440 | $15,624 | $5,184 | 49.66% |
 Means Investment Company Means Investment Company Inc. | 8,241 | $323,871.3 | $321,893.46 | -$1,977.84 | -0.61% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 200 | $6,141.8 | $7,849.98 | $1,708.18 | 27.81% |
| YA Yinka Akinsola Blue Trust Inc. | 1,200 | $39,600 | $47,424 | $7,824 | 19.76% |
 Jeff Ameen Spire Wealth Management | 17,902 | $388,809 | $704,085.66 | $315,276.66 | 81.09% |
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ProShares Ultra Bloomberg Crude Oil Profile
| ARCA Exchange | US Country |
Overview
The company is focused on achieving its investment objective through a strategic approach that primarily involves investing in a range of financial instruments. These instruments include swap agreements, futures contracts, forward contracts, and option contracts, all of which are based on WTI (West Texas Intermediate) sweet, light crude oil. It is important to note that the company does not invest directly in oil, choosing instead to leverage these financial instruments as a means to participate in the oil market indirectly. This strategy is designed to navigate the oil market under normal market conditions, aiming to offer investors a unique avenue to gain exposure to oil prices without the complexities of direct commodity investment.
Products and Services
The company offers a unique investment approach through the use of various financial instruments that correlate with the price movements of WTI sweet, light crude oil. These are detailed as follows:
- Swap Agreements: These are contracts through which two parties exchange financial instruments or cash flows, based on the underlying price movements of WTI crude oil. This allows investors to gain exposure to oil prices without owning the physical commodity.
- Futures Contracts: Contracts to buy or sell a specific amount of WTI crude oil at a predetermined price at a specified time in the future. These are used to hedge or speculate on the future price of oil, providing a pathway for investment in oil price movements.
- Forward Contracts: Similar to futures contracts, these are non-standardized agreements between two parties to buy or sell WTI crude oil at a future date, but with more flexibility in terms of contract terms. They offer another method for investors to engage in the oil market indirectly.
- Option Contracts: Contracts that give the buyer the right, but not the obligation, to buy (call option) or sell (put option) WTI sweet, light crude oil at a specified price (strike price) before a specified date. This offers investors a risk-managed way to speculate on or hedge against oil price movements.
