ETF Update: USO, SCO, SPY
Friday, September 10, 2021 7:01 PM

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United States Oil (NYSEArca: USO) was one of the biggest gainers among the ETFs on Friday, September 10, 2010. The fund rallied 2.68% to close at $33.77. The United States Oil Fund, LP ("USO") is a domestic exchange traded security designed to track the movements of light, sweet crude oil ("West Texas Intermediate").

ProShares UltraShort DJ-UBS Crude Oil (NYSEArca: SCO) was one of the biggest losers among the ETFs. The fund slumped 4.58% to close at $14.39. ProShares UltraShort DJ-UBS Crude Oil seeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of The Dow Jones—UBS Crude Oil Sub-IndexSM. 

Standard & Poor's Depositary Re (NYSEArca: SPY), as usual, was the most active ETF by share volume. The fund seeks to correspond generally to the price and yield performance, before fees and expenses, of the S&P 500 Index. SPDR Trust is an exchange-traded fund that holds all of the S&P 500 Index stocks. SPY closed at $111.48 and had a volume of 127.79M shares.

Disclosure: Author doesn't own any of the stocks discussed here.
 

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