SDP

ProShares UltraShort Utilities

$11.86

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The ProShares UltraShort Utilities ETF (SDP) seeks to provide daily investment results that correspond to twice the inverse (-2x) of the daily performance of the Dow Jones U.S. Utilities Index.

Overview

ETF tracking ProShares UltraShort Utilities

Category Leveraged

Issuer ProShares

Inception Date 2008-11-12

Market Cap N/A

Average Volume N/A

Dividend Yield 4.86%

52-Week Range $10.80 - $17.60

VWAP $11.76

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The ProShares UltraShort Utilities ETF (SDP) seeks to provide daily investment results that correspond to twice the inverse (-2x) of the daily performance of the Dow Jones U.S. Utilities Index.

🎯 Investment Strategy

The fund uses a combination of financial instruments, such as futures contracts and swap agreements, to achieve its investment objective. It aims to provide magnified exposure to the inverse performance of the underlying utilities index on a daily basis.

✨ Key Features

Provides -2x daily leveraged exposure to the Dow Jones U.S. Utilities Index
Designed for short-term, tactical trading rather than long-term buy-and-hold investing
Utilizes derivatives to achieve its leveraged investment objective
Expense ratio of 0.00%

⚠️ Primary Risks

Magnified losses: The fund's use of leverage can result in significantly greater losses compared to the underlying index performance
Volatility risk: Leveraged funds can experience higher volatility and price swings than the underlying index
Tracking error risk: The fund may not perfectly track the inverse performance of the underlying index due to the use of derivatives and other factors
Liquidity risk: The fund may have limited liquidity, especially during periods of market stress

👤 Best For

This ETF is designed for experienced, sophisticated investors who have a high risk tolerance and are seeking to make short-term, speculative bets against the utilities sector. It is not suitable for long-term, buy-and-hold investors or those with a low risk appetite.