ProShares Ultra Bloomberg Crude Oil
New York Stock Exchange ArcaCapital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 7272 Wisconsin Avenue Bethesda MD United States of America 20814
- IPO Date
- Nov 24, 2008
- CIK
- 0001415311
- Website
- proshares.com
- Similar Companies
- Business
- ProShares Ultra Bloomberg Crude Oil (UCO), a series of ProShares Trust II, provides leveraged exchange-traded fund (ETF) investment results that seek daily investment results, before fees and expenses, corresponding to two times (2x) the daily performance of the Bloomberg Commodity Balanced WTI Crude Oil Index (ticker: BCBCLI); the index tracks the performance of three separate WTI crude oil futures contract schedules reset semi-annually—one-third monthly roll, one-third June annual roll, and one-third December annual roll—with equal weights reset in March and September and rolls on the second and third business days of each month. UCO achieves its exposure through derivatives including swap agreements with counterparties such as Goldman Sachs, Société Générale, Morgan Stanley, UBS, and Citibank, as well as futures contracts on WTI Crude Oil for various expirations like December 2026, June 2026, and March 2026; the fund generates a K-1 tax form, distributes quarterly, trades on NYSE Arca under ticker UCO (CUSIP 74347Y888) with options available, and maintains an expense ratio of 0.95%. ProShares Trust II, domiciled in the United States and sponsored by ProShare Capital Management LLC (a registered commodity pool operator and trading advisor), launched UCO on November 24, 2008; ProShares, founded in 1999 and headquartered at 7272 Wisconsin Avenue in Bethesda, Maryland, operates globally as the world's largest provider of geared ETFs focused on leveraged and inverse strategies across commodities, equities, fixed income, and volatility. In recent developments, ProShares announced forward and reverse share splits in March 2024 for select funds including those related to volatility and natural gas, alongside a reverse split for ProShares Ultra VIX Short-Term Futures ETF (UVXY) with a new CUSIP effective that period, and an additional forward split for ProShares UltraShort Yen and reverse split in October 2024, aimed at adjusting share prices and outstanding shares without altering shareholder value. In September 2025, ProShares expanded its lineup with four new single-stock leveraged ETFs—ProShares Ultra COIN (COIA), Ultra NVDA (NVDB), Ultra PLTR (PLTA), and Ultra TSLA (TSLI)—each targeting 2x daily returns of Coinbase, NVIDIA, Palantir, and Tesla, respectively, reinforcing its leadership in geared ETF innovation. These changes reflect ongoing product diversification and operational adjustments within the broader leveraged commodities and equities segments, targeting sophisticated investors seeking magnified daily exposure to oil futures and related markets amid volatile energy prices.
OPEC+ approves further oil output increase as Strait of Hormuz exports recover
OPEC+ raises output levels again despite tumbling crude prices
Oil prices hover near pre-conflict levels as OPEC+ boosts output again
OPEC+ set to clear another oil output increase, sources say
Big Oil heads for biggest profits in years as Trump pushes for lower gas prices
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Prices Move Away From Multi-Month Lows
OPEC oil output jumps in June as Gulf producers begin reviving supply, Reuters survey shows
Brent oil curve weakens further as prompt supply glut swamps market
WTI and Brent Crude Forecasts – Holiday Thin Liquidity Limits Outright Breakouts
Explainer: US-Iran war still trails the 1979 oil shock by total losses
US oil companies see big profit jump, gird for clash over pump prices with Trump
Traders bet oil could sink to a five-month low in July
Canada, Alberta announce new west coast oil pipeline to boost exports
Oil up slightly ahead of long US weekend as peace efforts hold
Oil Falls as Supply-Disruption Concerns Continue to Ease
Crude Oil Price Forecast: Key Support Test May Revive Bull Trend
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds From Multi-Month Lows
Oil prices are now back to prewar levels, but the market is not. Here's what could happen next.
Crude Oil Price Analysis – Oil Gaps Lower Ahead of Holiday 3-Day Weekend
Hedge funds reap June gains by piling into short bets but lose on oil, sources say