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Bank of New York Mellon Corp Takes $832,000 Position in ProShares UltraShort Bloomberg Crude Oil $SCODefense World · Aug 15, 2026ProShares UltraShort Bloomberg Crude Oil is an investment vehicle engineered to deliver daily returns that are twice the inverse of the Bloomberg Commodity Balanced WTI Crude Oil Index's daily performance. This means that, before accounting for fees and expenses, the fund aims to move in the opposite direction of the index's daily changes, at a magnitude of 200%.