UCO

Proshares Trust II

A legal trust that houses ProShares' commodity, currency, and volatility exchange-traded funds, including energy products like the Ultra Bloomberg Crude Oil ETF that track oil and natural gas futures. It's part of the ProShares family, which in 2006 introduced the first leveraged and inverse ETFs in the US, letting everyday investors magnify daily moves or bet against indexes. ProShares grew out of ProFunds, founded in 1997 by two former Rydex employees, Michael Sapir and Louis Mayberg, in Bethesda, Maryland.

2x leveraged ETF tracking the Bloomberg Commodity Balanced WTI Crude Oil Index