United States 3x Short Oil Fund (USOD)
ARCA ARCA Primary Summary
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United States 3x Short Oil Fund Profile
| ARCA Exchange | US Country |
Overview
The investment in focus aims to offer investors a unique exposure to the commodities market, specifically targeting light, sweet crude oil futures contracts. Through leveraging techniques, this investment seeks to provide thrice the inverse of the daily performance of its benchmark—the specified short-term futures contract on light, sweet crude oil. Managed by USCF, the fund meticulously works to ensure its short exposure to the Benchmark Oil Futures Contract aligns with 300% of its net asset value (NAV) at the close of each trading day.
Products and Services
- Inverse Exposure to Crude Oil Futures
This product is designed to offer investors a way to potentially profit from declines in the crude oil market. By aiming to reflect three times the inverse of the daily movements in the price of the Benchmark Oil Futures Contract, this fund is structured for those looking to hedge against or speculate on downward movements in the oil market. The Benchmark Oil Futures Contract referred to is the futures contract on light, sweet crude oil as traded on the NYMEX under the trading symbol "CL".
