But UCO shouldn't ever be found in a long-term, buy-and-hold portfolio; it's simply too risky, and the nuances of this fund make it likely to lose money over the long run regardless of changes in spot oil prices, thanks to the damaging impact of contango.
What is the future of UCO stock?
Based on our forecasts, a long-term increase is expected, the "UCO" stock price prognosis for 2027-01-19 is 366.054 USD. With a 5-year investment, the revenue is expected to be around +240.71%. Your current $100 investment may be up to $340.71 in 2027.
What does UCO stock track?
The Fund seeks daily investment results (before fees and expenses) that correspond to twice (200%) the daily performance, whether positive or negative, of its corresponding benchmark, the Dow Jones - AIG Crude Oil Sub-Index. The Underlying Index is designed to track crude oil futures prices.
Why is UCO rising?
As readers are probably aware, crude oil has benefited from a number of factors. Among them are an improving global economy, more supply restrictions in the U.S., restraint on production from OPEC+, and rising inflation which is pushing up the price of commodities across the board.23 Sept 2021
How long can you hold UCO stock?
one-day
Is UCO stock a good investment?
If you are looking for stocks with good return, ProShares Trust - ProShares Ultra Bloomberg Crude Oil can be a profitable investment option. ProShares Trust - ProShares Ultra Bloomberg Crude Oil quote is equal to 107.440 USD at 2022-01-25. With a 5-year investment, the revenue is expected to be around +240.71%.
The USO ETF (NYSEARCA:USO) is backed by solid fundamentals and a strong chart. Buy it. The following demand outlook is from the latest OPEC oil market report: World oil demand growth in 2021 remains unchanged from last month's assessment, showing growth of 6.0 mb/d despite some offsetting revisions.12 Oct 2021