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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.
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.