scoetf - Crude Oil Short Squeeze Hits Traders as SCO ETF Sees Record Inflows
Crude oil traders who heavily shorted the market have faced significant losses as the ProShares UltraShort Bloomberg Crude Oil ETF (SCO) experienced record inflows of $977 million in March. Despite this, SCO's total assets remain at $970 million, indicating a challenging month for short sellers. The ETF, wh