How many times has UCO split?
ProShares Ultra Bloomberg Crude Oil (UCO) has announced a 4 for 1 stock split. The Ex-distribution Date is May 26, 2022. The Payable Date is May 25, 2022. The Record Date is May 24, 2022.
Based on our forecasts, a long-term increase is expected, the "UCO" stock price prognosis for 2027-08-16 is 224.586 USD. With a 5-year investment, the revenue is expected to be around +536.4%. Your current $100 investment may be up to $636.4 in 2027.
As a geared product, UCO is designed for a one-day holding period, it's not appropriate for buy-and-hold investors. Daily compounding can lead to the fund's returns varying significantly from those of the index over holding periods of greater than one day. UCO is a great choice for a leveraged energy play.
According to the latest long-term IEA forecasts, global oil demand will likely come in at 96.5 million bbl/day in 2021 growing to 101.2 million bbl/day in 2023 and 104.1 million bbl/day in 2026. This compares to demand of 99.7 million bbl/day in 2019, before the COVID pandemic.
If you owned 1 share of Example Company valued at $700 per share, your investment would have a total value of $700 (price per share x amount of shares held). At the time the company completed the 4-for-1 forward split, you would now own 4 shares valued at $175 per share, resulting in a total value invested of $700.
As a result of the reverse stock split, each SCO Share will be converted into the right to receive 0.20 (New) ProShares UltraShort Bloomberg Crude Oil Shares. The reverse stock split will become effective before the market open on May 26, 2022.
ProShares Ultra Bloomberg Crude OilSM seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Bloomberg Commodity Balanced WTI Crude Oil Index.
| Index | Units | Price |
|---|---|---|
| CL1:COM WTI Crude Oil (Nymex) | USD/bbl. | 89.76 |
| CO1:COM Brent Crude (ICE) | USD/bbl. | 95.94 |
| CP1:COM Crude Oil (Tokyo) | JPY/kl | 74,400.00 |
| NG1:COM Natural Gas (Nymex) | USD/MMBtu | 9.58 |
| Louisiana Light •4 days | 95.50 | +2.52% |
|---|---|---|
| Domestic Swt. @ Cushing •4 days | 87.00 | +2.96% |
| Giddings •4 days | 80.75 | +3.19% |
| ANS West Coast •6 days | 98.74 | -2.05% |
| West Texas Sour •10 days | 93.27 | +2.42% |
Category: Commodity ETFs
UCO does not currently pay a dividend.
Are ETFs safer than stocks?
Because of their wide array of holdings, ETFs provide the benefits of diversification, including lower risk and less volatility, which often makes a fund safer to own than an individual stock.
Do i have to pay taxes on partnership income (UCO shares) that i did not realize yet? If you received a K-1, that means you invested in an entity that is taxed as a partnership. A partnership is a pass-through entity and pays no tax at the entity level.
Former Chase chief economist Anthony Chan believes that the odds of a recession are more than 40 percent. It might seem unthinkable, but there is real concern that a worst-case scenario in the Russia-Ukraine War could trigger an oil price spike to $200 a barrel.
Saudi Arabia, the largest oil producer within OPEC and the world's largest oil exporter, historically has had the greatest spare capacity. Saudi Arabia has usually kept more than 1.5 - 2 million barrels per day of spare capacity on hand for market management.
In April 2020, crude oil prices collapsed amid the COVID-19 pandemic to 20-year lows. In late April, the price of USO dropped more than 30% to just above $2 per share and new trades were halted as the fund's managers began making structural changes in efforts to avoid a complete collapse.
| Company | Stock Split Ratio | Payable Date |
|---|---|---|
| Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) | 20-for-1 | July 15, 2022 |
| Shopify (NYSE:SHOP) | 10-for-1 | June 28, 2022 |
| DexCom (NASDAQ:DXCM) | 4-for-1 | June 10, 2022 |
| Tesla (NASDAQ:TSLA) | 3-for-1 | August 24, 2022 |
A stock split doesn't make investors rich. In fact, the company's market capitalization, equal to shares outstanding multiplied by the price per share, isn't affected by a stock split. If the number of shares increases, the share price will decrease by a proportional amount.
Any decision you make — buy, hold or sell — is not likely to have a much different outcome if you make it just before or just after the split. Since a stock split is announced prior to being executed, any post-split bump that the market expects is baked into the price by the time the split actually occurs.
The 4-1 split was announced on Friday, May 27th 2022. The newly minted shares were distributed to shareholders after the closing bell on Friday, May 27th 2022. An investor that had 100 shares of stock prior to the split would have 400 shares after the split.
Companies often choose to split their stock to lower its trading price to a more comfortable range for most investors and to increase the liquidity of trading in its shares. Most investors are more comfortable purchasing, say, 100 shares of a $10 stock as opposed to 1 share of a $1,000 stock.
When did gush split?
For example, after the split goes into effect on March 23, one share of GUSH will be worth what 40 GUSH shares had been worth prior to the split. This can help issuers and investors alike grapple with steep price declines, such as what happened during Monday's sell-off.
For example, after the split goes into effect on March 23, one share of GUSH will be worth what 40 GUSH shares had been worth prior to the split. This can help issuers and investors alike grapple with steep price declines, such as what happened during Monday's sell-off.
The company's last split, a 5-1 split, was in August 2020. Following that split, Tesla's stock price surged 60% from the day of the announcement until its execution.
Companies often choose to split their stock to lower its trading price to a more comfortable range for most investors and to increase the liquidity of trading in its shares. Most investors are more comfortable purchasing, say, 100 shares of a $10 stock as opposed to 1 share of a $1,000 stock.
