Oil Traders Piled Into Leveraged Bearish Oil ETF Before Rout
Petroleum Geochemistry I Ariana Energy Researchers
Bloomberg—An exchange-traded product that profits when oil prices fall is on track for its biggest monthly inflow since 2023 as investors correctly wagered that crude’s conflict-driven spike would prove short-lived.
The ProShares UltraShort Bloomberg Crude Oil ETF pulled in cash in eight of the last nine sessions for which data are available, putting it on track for a monthly inflow of $121 million, according to data compiled by Bloomberg. The fund seeks to return twice the inverse of the daily performance of its underlying index.