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ERY

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    22.5375$
  • Previous Close
    22.1292$
  • 52 Week Change
    --
  • Day Range
    0.41$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

ERY.US represents the ProShares UltraShort Basic Materials ETF. This ETF is designed to deliver twice the inverse (opposite) of the daily performance of the Dow Jones U.S. Basic Materials Index. In essence, it aims to profit when the basic materials sector, which includes companies involved in chemicals, mining, and forestry, declines in value. Due to its leveraged and inverse nature, ERY is generally considered a short-term trading tool and not a long-term investment vehicle, as its performance can deviate significantly from a simple inverse relationship over longer time horizons due to compounding effects.
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Factors

Energy Sector Performance: ERY.US, a leveraged energy ETF, heavily reflects the performance of energy companies. Rising oil and gas prices typically boost energy stock values, increasing ERY's price.

Leverage Factor: Being a leveraged ETF, ERY amplifies daily returns. A 2x leverage means ERY's price changes are roughly double the percentage change in its underlying index.

Market Sentiment: Overall market optimism or pessimism toward the energy sector significantly influences ERY's trading volume and price. Positive news or forecasts can drive up demand.

Interest Rates: Changes in interest rates can affect energy companies' borrowing costs and investment decisions. Higher rates can negatively impact energy stocks, potentially decreasing ERY's value.

Geopolitical Events: Global events impacting energy supply and demand, like political instability or production disruptions, can cause price fluctuations in oil and gas, affecting ERY.

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