GET DAILY SIGNALSSCO +8.4% Over 30 Days: Watching the ProShares UltraShort Bloomberg Crude Oil ETF
Key Takeaways
- SCO is the ProShares UltraShort Bloomberg Crude Oil ETF, an inverse leveraged fund that seeks daily results equal to -2x the performance of the Bloomberg WTI Crude Oil Subindex.
- Over the last 30 days, SCO advanced roughly 8.4%, rising from a closing level near $17.43 on October 13 to about $18.90 by November 12, reflecting weaker crude oil prices over that stretch.
- The fund's daily reset design means it is built for short-term tactical positioning and can experience compounding effects that may diverge from -2x over longer periods.
- Volatility in West Texas Intermediate (WTI) crude oil remains the dominant driver of SCO's price action, with the fund moving inversely to the underlying commodity.
- Investors tracking energy-related exchange-traded products continue to watch SCO as a hedging or directional tool during periods of elevated oil-price swings.
- For additional data on this ticker, explore its Price Targets, Earnings, and Forecast pages to dig deeper into the fund's outlook.
- You can also explore Trending AI Robots to see how automated strategies are currently positioned across the market.
Recent Price Action in SCO
SCO is trading near $18.90 as of November 12, 2026, following a period of sharp swings tied to crude oil markets. The fund fell from roughly $20.33 in early-to-mid September to a recent low near $15.65 in late October, then rebounded into the mid-to-high $18 range in early November as crude oil prices pulled back. The most recent single-session move showed SCO declining about 4.9%, underscoring how quickly leveraged inverse products can reverse direction when the underlying commodity shifts.
Because SCO delivers two times the inverse of daily WTI moves, its percentage changes tend to be roughly double the opposite of crude oil's daily swings. This amplifies both gains and losses and makes intraday and short-term momentum a central feature of the fund's trading profile. I also checked this using Tickeron’s AI Screener to see how the fund compares to others in the energy space.
How SCO Fits Into the Market
SCO is an exchange-traded fund issued by ProShares that provides inverse leveraged exposure to crude oil. The fund seeks daily investment results corresponding to two times the inverse of the daily performance of the Bloomberg WTI Crude Oil Subindex, a benchmark tracking West Texas Intermediate crude oil futures. In practice, when WTI crude prices fall on a given day, SCO is designed to rise by roughly twice that percentage, and vice versa.
The fund achieves this through derivatives such as futures contracts and swap agreements rather than by directly shorting physical oil. This structure makes SCO a tactical instrument used by traders to hedge energy exposure or express a short-term bearish view on crude oil. Its counterpart, the 2x long UCO, offers the opposite directional exposure, and both products are widely followed by active traders in the energy-linked ETF space.
Investors follow SCO primarily for its liquidity, its leverage to daily crude oil moves, and its usefulness as a hedging tool. However, because the fund resets its exposure daily, its longer-term returns can differ materially from a simple -2x of crude oil's cumulative performance, a dynamic known as volatility decay or compounding drift.
What Has Been Moving SCO Lately
SCO's moves over the last 30 days have been driven almost entirely by crude oil price dynamics rather than company-specific fundamentals. As WTI crude oil rallied through much of September and October, the inverse fund declined from its early-autumn levels toward the $15.65 area in late October. A subsequent pullback in crude oil in early November then lifted SCO sharply, including a multi-session surge that carried the fund back above $19 before the most recent consolidation.
Energy-market sentiment, inventory data, and broader macroeconomic expectations around global demand and supply have all contributed to oil's swings, which in turn have moved SCO. Leveraged inverse products like SCO also attract fast-money flows during periods of heightened commodity volatility, which can magnify short-term price moves beyond what the underlying crude oil move alone would imply.
Key Points to Monitor Ahead
Looking ahead, SCO's path will continue to hinge on crude oil's direction and volatility. Key factors to monitor include global supply decisions from major producers, inventory and demand data, geopolitical developments affecting energy markets, and shifts in the macroeconomic outlook that influence oil demand expectations. Because SCO is a leveraged inverse product, the magnitude of daily moves matters as much as the overall trend, and periods of choppy, range-bound trading can create compounding effects that erode returns over time.
Investors should also watch the fund's tracking behavior, liquidity, and any changes in futures-market conditions that affect roll costs. As with all leveraged and inverse products, SCO is intended for sophisticated, short-term use rather than long-term buy-and-hold strategies, and its performance can deviate substantially from the underlying commodity over extended periods. From what I see, the daily reset mechanics remain the most important element to keep in mind.
Exploring Tickeron’s AI Trading Bots
In my research process, I often review Tickeron’s AI Trading Bots to evaluate how automated strategies are positioned in volatile sectors like energy. The platform features a range of bots with different approaches and timeframes, allowing users to compare options that align with their own risk preferences and trading styles. This can add another layer of perspective when analyzing products such as SCO.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
Momentum Indicator for SCO turns positive, indicating new upward trend
SCO saw its Momentum Indicator move above the 0 level on November 02, 2026. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 92 similar instances where the indicator turned positive. In 82 of the 92 cases, the stock moved higher in the following days. The odds of a move higher are at 89%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for SCO just turned positive on October 27, 2026. Looking at past instances where SCO's MACD turned positive, the stock continued to rise in 49 of 56 cases over the following month. The odds of a continued upward trend are 88%.
SCO moved above its 50-day moving average on November 09, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a +7.56% 3-day Advance, the price is estimated to grow further. Considering data from situations where SCO advanced for three days, in 228 of 257 cases, the price rose further within the following month. The odds of a continued upward trend are 89%.
Bearish Trend Analysis
The 10-day RSI Indicator for SCO moved out of overbought territory on November 11, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 26 similar instances where the indicator moved out of overbought territory. In 26 of the 26 cases, the stock moved lower in the following days. This puts the odds of a move lower at 90%.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SCO declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 90%.
SCO broke above its upper Bollinger Band on November 04, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for SCO entered a downward trend on November 06, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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