ProShares - UltraShort Bloomberg Crude Oil
SCO
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Nov 25, 2008
- CIK
- 0001415311
- Website
- proshares.com
- Similar Companies
- Business
- ProShares UltraShort Bloomberg Crude Oil (SCO), a series of ProShares Trust II, is an exchange-traded fund that seeks daily investment results corresponding to two times the inverse (-2x) of the daily performance of the Bloomberg Commodity Balanced WTI Crude Oil Index, which tracks futures contracts on light sweet crude oil through balanced monthly, June annual, and December annual roll schedules; the fund employs derivatives including futures contracts and swaps, without direct investment in physical commodities. SCO offers sophisticated investors a tactical tool for bearish short-term exposure to crude oil prices, with quarterly distributions, options availability, and an expense ratio of 0.95%; it primarily holds short positions in WTI crude oil futures across multiple contract months alongside net other assets and cash. Issued by ProShare Advisors LLC and co-managed with ProFund Advisors LLC, the fund operates in the leveraged and inverse commodity ETF segment, targeting institutional and retail traders focused on commodities markets in the United States. Launched on November 24, 2008, SCO is domiciled in the United States as part of ProShares Trust II, with ProShares headquartered in Bethesda, Maryland. The broader ProShares organization, a leader in geared ETFs managing over $95 billion in assets, provides a wide range of leveraged, inverse, and strategic products across equities, fixed income, commodities, volatility, and cryptocurrencies. In November 2025, ProShares Trust II announced and implemented reverse share splits across multiple ETFs including sister funds like UltraShort Gold (GLL) and Ultra VIX Short-Term Futures (UVXY), signaling ongoing portfolio management adjustments, though SCO itself was not subject to a split at that time; the firm also strengthened its distribution team in September 2025 by hiring three regional vice presidents for key U.S. markets and launched its first interval fund focused on private equity strategies in October 2025, expanding beyond traditional ETFs. These moves reflect ProShares' commitment to innovation, talent recruitment for growth, and adaptation amid volatile commodity markets influenced by geopolitical factors such as oil trade tensions.