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SHM

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

Analysis and statistics

  • Open
    47.8971$
  • Previous Close
    47.8971$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

SHM.US represents ProShares Short Basic Materials, an exchange-traded fund (ETF) designed to deliver the inverse of the daily performance of the Dow Jones U.S. Basic Materials Index. This fund is geared towards investors seeking to profit from, or hedge against, a decline in the basic materials sector, which includes companies involved in industries like chemicals, metals, mining, and paper. Due to its inverse and daily reset nature, SHM is generally intended for short-term trading rather than long-term investment.
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Factors

Underlying Index Performance: SHM tracks a specific index. The price of the ETF is directly tied to the performance of the securities within that index.

Supply and Demand: Basic economic principles apply. Higher demand for SHM shares relative to supply will push the price up, and vice versa.

Interest Rates: Changes in interest rates can impact bond prices, which in turn affects the net asset value of SHM if it invests in bonds.

Credit Spreads: Widening credit spreads can negatively impact the value of corporate bonds held within SHM, leading to a price decrease.

Market Sentiment: Overall market optimism or pessimism can influence investor appetite for risk assets, including ETFs like SHM.

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