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USPX

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1d
1w
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Analysis and statistics

  • Open
    55.7822$
  • Previous Close
    55.6015$
  • 52 Week Change
    --
  • Day Range
    0.18$
  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

The ticker symbol USPX.US represents the ProShares UltraShort S&P500 ETF. This Exchange Traded Fund (ETF) is designed to deliver twice the inverse (opposite) of the daily performance of the S&P 500 index. Essentially, it aims to provide investors with double the return of the S&P 500's decline on a daily basis. It is important to understand that due to the leveraged and inverse nature of the fund, its performance over longer periods can differ significantly from a simple -2x multiple of the S&P 500's returns; it is primarily intended for short-term trading strategies and not for long-term investment holdings.

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Factors

Constituent Stock Prices: The USPX.US ETF's price is directly influenced by the combined value of the stocks it holds.

Supply and Demand: Increased buyer interest pushes the price up; more sellers lower it.

Market Sentiment: Broad optimism or pessimism about the US stock market affects demand.

Tracking Error: Differences between the ETF's performance and its index impact its perceived value.

Management Fees & Expenses: Operational costs are factored into the ETF's net asset value (NAV).

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