Commodities
ProShares UltraShort ETF's Grim Decade May Hide Tactical Opportunity
The ProShares UltraShort Bloomberg Crude Oil ETF (SCO) has been a poor long-term investment, losing around 99.5% of its value over the past decade due to extreme volatility and high expenses.
Despite this, SCO could present a tactical opportunity for investors amid ongoing geopolitical tensions, particularly involving Iran and the Strait of Hormuz, which have kept oil prices elevated.
The analyst is monitoring the period around December 2026 to January 2027 for a potential entry point, contingent on signs of global oil inventories stabilizing and rebalancing.