ETF Quote Details
|NAV (month end)||NA|
Zacks proprietary quantitative models divide each set of ETFs following a similar investment strategy (style box/industry/asset class) into three risk categories- High, Medium, and Low. The aim of our models is to select the best ETFs within each risk category, so that investors can pick an ETF that matches their particular risk preference in order to better achieve their investment goals.
This is our ETF rating system that serves as a timeliness indicator for ETFs over the next 6 months:
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ETF Expense Ratio
|Dividend (Yield)||$0.00 (0.00%)|
|Issuer||US COMMODITY FUNDS|
The index looks to reflect the daily changes of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma. This is done by tracking futures on light, sweet crude oil as traded on the NYMEX that is the near month contract to expire, except when it is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire.
USO is a domestic exchange traded security designed to track the movements of light, sweet crude oil. It issues units that may be purchased and sold on the NYSE Arca.