SPXU ProShares UltraPro Short S&P500

Related ETF Channels: Equity, Inverse, Large Cap, U.S., North America, Size and Style

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Price $23.43

Today's Change -0.46 (-1.93%)

Today's Volume 4.24 M

4:00pm (ET) 09/27/16

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“typically enjoys very strong liquidity” 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.

1 Month
3 Months
YTD
1 Year
3 Years
5 Years
Max

Performance [as of 09/26/16]	1 Month	3 Month	YTD	1 Year	3 Years	5 Years	10 Years
SPXU	1.96%	-17.25%	-24.66%	-39.87%	-33.34%	-42.58%	--
SPXU (NAV)	1.92%	-17.35%	-24.48%	-39.86%	-33.33%	-42.57%	--
S&P 500	-0.90%	5.90%	6.70%	13.59%	10.42%	15.52%	7.13%

All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

Average Spread

Premium/Discount

Volume

SPXU FactSet Analytics Block Liquidity

As of 09/27/16

This measurement shows how easy it is to trade a $1 million USD block of SPXU. SPXU is rated a 5 out of 5.

SPXU Summary Data

Brand

ProShares

Inception Date 06/25/09

Legal Structure Open-Ended Fund

Expense Ratio 0.93%

Assets Under Management $899.9 M

Fund Home Page

Index Home Page

SPXU Portfolio Data

Distribution Yield 0%

Next Distribution Date 09/21/16

SPXU Index Data

Index Tracked

S&P 500

Index Weighting Methodology Market Cap

Index Selection Methodology Committee

Segment Benchmark N/A

SPXU Fund Structure

OTC Derivative Use Yes

Securities Lending Active No

Securities Lending Split (Fund/Issuer) 0% / 100%

ETN Counterparty N/A

ETN Counterparty Risk N/A

Fund Closure Risk Low

Leverage Factor -3x

Leverage Reset Frequency Daily

SPXU Tax Exposures

Max LT/ST Capital Gains Rate 20.00% / 39.60%

Capital Gains Distributions (3 Year) --

Distributes K1 No

SPXU Tradability

Average Daily $ Volume $122.98 M

Median Daily Volume ($) $99.0 M

Average Spread (%) 0.04%

Median Premium / Discount (12 Mo) 0%

Max. Premium / Discount (12 Mo) 0.39% / -0.26%

Impediment to Creations None

Creation Unit/Day (45 Day Average) 85.35

Creation Unit Cost (%) 0.02%

Open Interest on ETF Options 46,336

Net Asset Value (Yesterday) $23.89

ETF.com Implied Liquidity 5

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Data provider: FactSet Research Systems, Inc. Terms of Use