HFI Research (@hfir): "As @PauloMacro pointed out recently, I can't believe $SCO has AUM of $1.1 billion. This 2x inverse crude oil ETF is going to zero from roll yield. If you are long SCO and you have no idea how backwardation is going to kill this, you should not be trading oil."

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HFI Research

6d

@hfir

As PauloMacro pointed out recently, I can't believe $SCO has AUM of $1.1 billion.

This 2x inverse crude oil ETF is going to zero from roll yield.

If you are long SCO and you have no idea how backwardation is going to kill this, you should not be trading oil.

May 20

at

4:21 AM

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