SAA
ProShares Ulta SmallCap600
📎 Investment Objective
The ProShares Ultra SmallCap600 ETF (SAA) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the S&P SmallCap 600 Index.
Overview
ETF tracking ProShares Ulta SmallCap600
Performance
Price Chart
Investment Summary
📎 Investment Objective
The ProShares Ultra SmallCap600 ETF (SAA) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the S&P SmallCap 600 Index.
🎯 Investment Strategy
The fund uses a combination of financial instruments, such as futures contracts and swap agreements, to gain leveraged exposure to the S&P SmallCap 600 Index. This strategy aims to amplify the daily returns of the underlying index by a factor of 2.
✨ Key Features
- Provides 2x leveraged exposure to the S&P SmallCap 600 Index, a benchmark for small-cap U.S. stocks
- Utilizes derivatives to achieve its leveraged investment objective
- Rebalances daily to maintain its 2x leverage target
- Designed for short-term trading and not suitable for long-term buy-and-hold investors
⚠️ Primary Risks
- Leveraged funds can experience significant losses in a short period of time
- Volatility risk due to the amplified exposure to the underlying index
- Derivative risk associated with the use of futures and swap agreements
- Tracking error risk, as the fund may not perfectly replicate the 2x performance of the index
👤 Best For
This ETF is designed for experienced, risk-tolerant investors who seek to amplify their exposure to the small-cap segment of the U.S. equity market on a short-term basis. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.