Key stats
About BETAPRO CRUDE OIL LEV DLY BULL ETF ETF
Expense ratio
2.05%
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Inception date
Jan 15, 2008
The fund leveraged fund, like all geared products, is not a buy-and-hold investment, and should not be expected to provide index leverage return greater than a one-day period. The fund provides 2x the return of a futures-based light sweet crude oil index on a daily basis. Daily compounding of returns can lead to the fund's returns varying significantly from the 2x exposure to the index over longer holding periods. Index returns reflect both the price changes on its front month futures contracts as well as any gain or loss from rolling those futures contracts. The fund manager could change the underlying futures contract exposure and rolling methodology in response to changing market conditions at its discretion.
Classification
What's in the fund
Exposure type
Cash
Miscellaneous
Bonds, Cash & Other100.00%
Cash76.69%
Miscellaneous23.31%
Trading range, Reversal opportunityOil since january has been cycling up and down between the prices of 40,00 USD to 50,00 usd
This is because most of shale oil in the united states stops being profitable at 55,00 USD
since there are other cheaper suppliers its prevented to go higher then that price for several
years unless there is
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.