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SIJ

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

Analysis and statistics

  • Open
    12.1396$
  • Previous Close
    12.2194$
  • 52 Week Change
    --
  • Day Range
    -0.08$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

SIJ.US refers to the ProShares UltraShort Basic Materials ETF. This ETF seeks to deliver twice the inverse (opposite) of the daily performance of the Dow Jones U.S. Basic Materials Index. Essentially, it's designed to profit from a decline in the basic materials sector, such as companies involved in chemicals, metals, mining, and paper production. Because it is leveraged, SIJ.US is intended for short-term trading and is not suitable for long-term investment strategies. The returns over periods longer than a day can significantly deviate from the stated inverse multiple due to the effects of compounding. Investors should carefully consider the risks associated with leveraged and inverse ETFs before investing.
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Factors

Underlying Securities' Performance: SIJ.US's price closely mirrors the performance of the Japanese small-cap stocks it holds.

Currency Fluctuations: Changes in the USD/JPY exchange rate can significantly impact returns for US investors.

Investor Sentiment: Overall market optimism or pessimism towards Japanese equities influences demand and price.

Expense Ratio and Trading Costs: The fund's expense ratio and brokerage fees impact overall investor returns, affecting its relative attractiveness.

Supply and Demand: Increased buying pressure drives prices up, while increased selling pressure pushes prices down.

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