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SSO

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

Analysis and statistics

  • Open
    101.9255$
  • Previous Close
    101.9873$
  • 52 Week Change
    --
  • Day Range
    -0.06$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

SSO.US represents ProShares Ultra S&P500, an Exchange Traded Fund (ETF) designed to deliver twice (2x) the daily performance of the S&P 500 index. It is a leveraged ETF, meaning it uses financial derivatives and debt to amplify the returns of its benchmark index. SSO is intended for short-term trading and is not suitable for long-term holding due to the effects of compounding and potential for significant losses even if the underlying index rises over a longer period. Investors should understand the risks associated with leveraged ETFs before investing in SSO.

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Factors

Leveraged ETF SSO Price Drivers: S&P 500 Performance: SSO aims for 2x the daily return of the S&P 500. Index gains boost SSO, losses amplify declines.

Volatility: Higher market volatility can erode SSO's returns over time due to the daily reset mechanism. Rapid price swings impact compounding.

Interest Rates: SSO uses leverage, incurring borrowing costs. Rising rates can increase these expenses, slightly reducing returns.

Management Fees: SSO has expense ratios. These fees are deducted from the fund's assets, affecting overall performance relative to its target.

Supply and Demand: Market demand for SSO shares influences its price, potentially causing it to trade at a premium or discount to its net asset value (NAV).

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