SPXU Fund Description
The ProShares UltraPro Short S&P 500 ETF provides (-3x) exposure to a market-cap weighted index of 500 of the largest and most liquid US companies.
SPXU Factset Analytics Insight
SPXU delivers a very aggressive single-day bet against the S&P 500, ratcheting up the leverage to provide 3x inverse exposure to the widely followed index. The fund, like most geared inverse products, is designed to deliver its -3x exposure to the S&P 500—a cap-weighted basket of 500 of the largest firms in the US—for just one trading day. Holding it for a period longer than that will introduce the effects of compounding, a dynamic that’s increasingly pronounced as you add more leverage to the strategy. The tool is designed to be held for no more than one day or your position will need to be adjusted daily.
SPXU typically enjoys very strong liquidity, which is paramount for a product of this nature.
SPXU MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of April 18, 2018 the ProShares UltraPro Short S&P500 MSCI ESG Fund Quality Score is 6.89 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. SPXU ranks in the 96th percentile within its peer group and in the 91st percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
SPXU Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SPXU. SPXU is rated a 5 out of 5.