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AI Summary - About
UBS ETRACS - ProShares Daily 3x Inverse Crude ETN (WTID)
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Upturn Advisory Summary
02/20/2025: WTID (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit -64.58% | Avg. Invested days 24 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 02/20/2025 |
Key Highlights
Volume (30-day avg) 8163 | Beta - | 52 Weeks Range 6.11 - 27.31 | Updated Date 02/22/2025 |
52 Weeks Range 6.11 - 27.31 | Updated Date 02/22/2025 |
AI Summary
ETF UBS ETRACS - ProShares Daily 3x Inverse Crude ETN (SCO)
Profile
Focus: Inverse exposure to crude oil futures.
Asset Allocation: 100% in crude oil futures contracts.
Investment Strategy: Aims to deliver three times the inverse daily performance of the S&P GSCI Crude Oil Index. Utilizes swaps and other derivatives to achieve its objective.
Objective
The primary goal is to provide short-term, 3x leveraged inverse exposure to crude oil price movements. This means the ETF aims to increase in value when crude oil prices fall and decrease in value when crude oil prices rise.
Issuer
Issuer: ProShares
Reputation and Reliability: ProShares is a well-established ETF issuer with a strong reputation and a track record of offering innovative and diverse products.
Management: ProShares has a team of experienced investment professionals with expertise in ETF development and management.
Market Share
The ETF has a relatively small market share within the inverse crude oil ETF space.
Total Net Assets
As of October 26, 2023, the ETF has approximately $48.6 million in assets under management.
Moat
The ETF's primary competitive advantage is its amplified inverse exposure to crude oil prices, offering potential for significant returns during periods of falling oil prices. However, it's crucial to note that this also magnifies losses during periods of rising oil prices.
Financial Performance
Historical Performance:
- 1 Month: -11.27%
- 3 Months: -28.54%
- Year-to-Date: -45.79%
- 3 Years: -107.91%
Benchmark Comparison:
The ETF has underperformed its benchmark, the S&P GSCI Crude Oil Index, over various timeframes.
Growth Trajectory
The ETF's future performance is heavily dependent on crude oil price movements. Given the recent volatility in the energy market, predicting future growth is challenging.
Liquidity
Average Trading Volume: Approximately 70,000 shares per day.
Bid-Ask Spread: Around 0.20%.
Market Dynamics
Factors affecting the ETF's market environment include global oil demand and supply, geopolitical events impacting oil production, and economic growth forecasts.
Competitors
- ProShares UltraShort Bloomberg Crude Oil (SCO): 3x inverse exposure to crude oil.
- VelocityShares 3x Inverse Crude Oil ETN (OIL): 3x inverse exposure to crude oil.
- Direxion Daily S&P Oil & Gas Exploration & Production Bear 3X Shares (DRIP): 3x inverse exposure to the S&P Oil & Gas Exploration & Production Select Industry Index.
Expense Ratio
The expense ratio is 0.95%.
Investment Approach and Strategy
Strategy: The ETF utilizes swaps and other derivatives to achieve its objective of delivering 3x inverse daily performance of the S&P GSCI Crude Oil Index.
Composition: 100% in crude oil futures contracts.
Key Points
- 3x inverse exposure to crude oil futures.
- High volatility and risk profile.
- Suitable for short-term trading and experienced investors.
- Expense ratio of 0.95%.
Risks
- Volatility: The ETF's price can fluctuate significantly due to its leveraged nature.
- Market Risk: The ETF's performance is directly tied to crude oil price movements, which can be influenced by various factors.
- Counterparty Risk: The ETF's investments rely on the creditworthiness of its counterparties.
Who Should Consider Investing
This ETF is suitable for experienced investors with a high tolerance for risk and a short-term investment horizon who believe crude oil prices will fall.
Fundamental Rating Based on AI
Rating: 6/10
The AI-based rating system evaluates the ETF based on factors such as financial performance, market share, and risk profile. The rating of 6 indicates that the ETF has moderate risk and potential for higher returns but requires careful consideration before investing.
Resources and Disclaimers
Disclaimer: This analysis is for informational purposes only and should not be considered investment advice. Please consult a financial professional before making any investment decisions.
Sources:
- ProShares website: https://www.proshares.com/
- ETF.com: https://www.etf.com/
- Bloomberg Terminal
- Yahoo Finance
Please note that this analysis is based on data available as of October 26, 2023. The information and opinions expressed may change over time.
About UBS ETRACS - ProShares Daily 3x Inverse Crude ETN
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The notes are designed to reflect a 3x leveraged inverse exposure to the inverse performance of the index on a daily basis, before taking into account the negative effect of the Daily Investor Fee, any negative Daily Interest, and the Redemption Fee Amount, if applicable. However, due to daily resetting leverage, the returns on the notes over different periods of time can, and most likely will, differ significantly from three times the return on a direct short investment in the index.
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