United States 3x Short Oil Fund
United States 3x Short Oil Fund (USOD) Company Profile & Overview
Explore United States 3x Short Oil Fund’s business operations, leadership, sector classification, and key company facts including IPO date, industry, and contact details.
United States 3x Short Oil Fund (USOD) Company Profile & Overview
The investment seeks the daily changes in percentage terms of its shares’ per share NAV to reflect three times the inverse of the daily change in percentage terms of the price of a specified short-term futures contract on light, sweet crude oil (the “Benchmark Oil Futures Contract”) less the fund’s expenses. USCF will endeavor to have the notional value of the fund’s aggregate short exposure to the Benchmark Oil Futures Contract at the close of each trading day approximately equal to 300% of the fund’s NAV. The Benchmark Oil Futures Contract is the futures contract on light, sweet crude oil as traded on the NYMEX, traded under the trading symbol “CL”.