Investors poured $977 million in March into the ProShares UltraShort Bloomberg Crude Oil ETF (SCO), the largest monthly inflow since 2008, even as the fund fell 41% and its benchmark rose 25%. The ETF delivers twice the inverse of daily crude moves. “That’s a ‘war ends soon’ trade,” said Rocky Fishman, founder of Asym 500. Brent crude surged to $119 before easing to about $102. Analysts warn supply disruptions from the Strait of Hormuz could keep prices elevated. Bullish funds also saw strong in

Investors poured $977 million in March into the ProShares UltraShort Bloomberg Crude Oil ETF (SCO), the largest monthly inflow since 2008, even as the fund fell 41% and its benchmark rose 25%. The ETF delivers twice the inverse of daily crude moves. “That’s a ‘war ends soon’ trade,” said Rocky Fishman, founder of Asym 500. Brent crude surged to $119 before easing to about $102. Analysts warn supply disruptions from the Strait of Hormuz could keep prices elevated. Bullish funds also saw strong inflows, underscoring a sharply divided market.