SPXU

ProShares UltraPro Short S&P 500

$13.24

+0.00%

Market closed. Last update: 4:17 AM ET

📎 Investment Objective

SPXU seeks to provide 3x the inverse (opposite) daily performance of the S&P 500 Index.

Overview

ETF tracking ProShares UltraPro Short S&P 500

Category Inverse

Issuer ProShares

Inception Date 2009-06-25

Market Cap $536.7M

Average Volume N/A

Dividend Yield 8.42%

52-Week Range $12.34 - $35.27

VWAP $13.26

Performance

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Investment Summary

📎 Investment Objective

SPXU seeks to provide 3x the inverse (opposite) daily performance of the S&P 500 Index.

🎯 Investment Strategy

SPXU uses derivatives and short positions to aim for 3x the daily inverse performance of the S&P 500. It does not seek to achieve its investment objective over periods longer than a single day.

✨ Key Features

Provides 3x daily inverse exposure to the S&P 500 Index
Utilizes derivatives and short positions to achieve its objective
Resets daily, so performance may not match the inverse of the index over longer periods
Has very low assets under management and an expense ratio of 0.00%

⚠️ Primary Risks

Significant daily rebalancing risk, as the fund's performance can deviate substantially from the inverse of the index over time
Derivative and leverage risks, as the fund uses swaps and other instruments to achieve its 3x inverse objective
Potential for large losses if the S&P 500 rises in value
Low trading volume and liquidity risks due to the fund's small asset base

👤 Best For

SPXU is a highly speculative and complex fund that is only suitable for experienced, risk-tolerant investors with a very short-term investment horizon who are seeking to profit from a decline in the S&P 500 Index. It is not recommended for long-term buy-and-hold investors.