Ticker Symbol: SCO
Daily Target: -2x (inverse daily performance of the benchmark index).
Underlying Commodity Exposure: This ETF allows investors to take a leveraged bearish position against the Bloomberg WTI Crude Oil Subindex. If the Bloomberg WTI Crude Oil Subindex goes down, this ETF is designed to go up two times the amount the index went down. Conversely, if the Bloomberg WTI Crude Oil Subindex goes up, this ETF is designed to go down two times the amount the index went up.
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