SPXU ProShares UltraPro Short S&P 500
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 ETF.com Insight
SPXU delivers the most aggressive single-day
“SPXU should be held for no more than one day” bet against the S&P 500 of the three inverse S&P 500 products from ProShares, 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 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 should be held for no more than one day or your position will need to be adjusted daily. SPXU is a much more liquid option than its direct competitor SPXS, trading higher daily volume at thinner spreads. Investors should be comfortable with not just the mechanics of the portfolio but the counterparty risk it takes on to get its exposure: SPXU holds swaps on the index and the ETF SPY to achieve its goals.
|Performance [as of 11/25/15]||1 Month||3 Month||YTD||1 Year||3 Years||5 Years||10 Years|
SPXU ETF.com/ Block Liquidity
This measurement shows how easy it is to trade 25,000 shares of SPXU. SPXU is rated a 5 out of 5.