Investors withdrew approximately $220 million from the ProShares UltraShort Bloomberg Crude Oil ETF last week, marking the largest weekly outflow on record, according to Bloomberg data reported by livemint.com. This exchange-traded product profits when oil prices fall but saw significant redemptions despite a 2.2% rise in its underlying index during the same period.
The ProShares UltraShort Bloomberg Crude Oil ETF delivers twice the inverse of the daily performance of its underlying index. The record outflow occurred as several market buffers that had previously limited oil price rallies began to diminish. Concurrently, funds designed to benefit from rising oil prices, such as the United States Oil Fund and Brent Oil Fund, experienced notable inflows over the same week, indicating a shift in investor sentiment.
This movement highlights changing dynamics in the oil market, where global oil reserves are drawing down at record levels, influencing investor behavior. The outflow from bearish funds contrasts with inflows into bullish vehicles, reflecting expectations of sustained or increasing oil prices. The trend underscores the challenges faced by funds that bet against oil prices amid tightening supply conditions.
The ProShares UltraShort Bloomberg Crude Oil ETF’s record weekly outflow of $220 million was reported on June 9, 2026, by Bloomberg and covered by livemint.com, providing a clear indicator of shifting investor strategies in the oil sector.