SDD
ProShares UltraShort SmallCap600
📎 Investment Objective
The ProShares UltraShort SmallCap600 ETF (SDD) seeks to provide daily investment results that correspond to twice the inverse (-2x) of the daily performance of the S&P SmallCap 600 Index.
Overview
ETF tracking ProShares UltraShort SmallCap600
Performance
Price Chart
Investment Summary
📎 Investment Objective
The ProShares UltraShort SmallCap600 ETF (SDD) seeks to provide daily investment results that correspond to twice the inverse (-2x) of the daily performance of the S&P SmallCap 600 Index.
🎯 Investment Strategy
The fund uses swaps and other derivative instruments to achieve its inverse daily exposure to the S&P SmallCap 600 Index. It does not invest directly in the component stocks of the index.
✨ Key Features
- Provides -2x daily exposure to the S&P SmallCap 600 Index
- Utilizes swaps and other derivatives to achieve its inverse performance target
- Designed for short-term trading and not long-term buy-and-hold investing
- Has very low assets under management and may have limited liquidity
⚠️ Primary Risks
- Significant daily rebalancing risk due to the leveraged inverse nature of the fund
- Potential for large losses if the underlying index rises in value
- Liquidity risk due to low trading volume and assets under management
- Counterparty risk associated with the derivative instruments used
👤 Best For
This ETF is designed for experienced, sophisticated investors who have a very short-term trading horizon and a high risk tolerance. It is not suitable for long-term buy-and-hold investors or those with a low risk appetite.