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Re: dealerschool2006 post# 5682

Thursday, 06/04/2020 2:01:44 AM

Thursday, June 04, 2020 2:01:44 AM

Post# of 5880
What exactly is your question?

UCO had a 1:25 Reverse Split

For every 25 shares of UCO, you received 1 share

At $26.50/share right now, that's the equivalent of $1.06/share pre split

UCO was NEVER 2x the price of a barrel of WTI crude oil

It trades at 2x whatever the percentage intraday gain or loss of crude is.

So if WTI crude goes + 2% then UCO goes +4%

Also keep in mind that UCO is not presently tracking the front month contract of crude.