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SSG

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

Analysis and statistics

  • Open
    11.3644$
  • Previous Close
    11.392$
  • 52 Week Change
    --
  • Day Range
    -0.03$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

SSG.US represents the ProShares UltraShort Gold ETF. This exchange-traded fund (ETF) seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg Gold SubindexSM. It is designed for investors seeking to profit from a short-term decline in gold prices. Due to the effects of compounding, the fund's performance over periods longer than one day will likely differ in amount, and possibly direction, from the target return for the stated period. Therefore, it's not suitable for long-term holding and is mainly utilized by sophisticated investors employing short-term trading strategies.
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Factors

Fund performance: Past and present performance influences investor demand. Higher performance tends to drive up the price.

Underlying holdings: The market value of the stocks within the SSG.US ETF directly affects its price. Rising stock values increase the ETF's value.

Supply and demand: Investor demand for SSG.US relative to its supply affects the price. Higher demand usually leads to a price increase.

Expense ratio: The ETF's expense ratio can indirectly affect the price as it reduces the overall return. A lower expense ratio may make the ETF more attractive.

Market sentiment: Overall investor sentiment towards the sectors represented by SSG.US influences demand and, consequently, the ETF's price.

Economic conditions: Broader economic factors, like interest rates and inflation, can influence investor behavior and affect ETF demand.

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