SDPProShares UltraShort Utilities
SDP Fund Description
SDP provides 2x leveraged inverse exposure to a market-cap-weighted index that measures the performance of large US utilities companies.
SDP Factset Analytics Insight
SDP is a geared inverse ETN that aims to provide investors with the ability to make a short-term bearish bet on the US Utilities Sector. The fund provides -2x leveraged exposure to the Dow Jones U.S. Utilities Index, which is a market-cap-weighted index of about 64 utilities firms as classified by S&P Dow Jones. SMN is designed to be a short-term trading vehicle, not a long-term investment, it holds swaps and rebalances on a daily basis. As a result, compounding and path dependency make long-term returns difficult to predict when compared with the performance of its underlying index.
SDP Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SDP. SDP is rated a N/A out of 5.