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