SSO

ProShares Ultra S&P500

$112.99

+0.00%

Market closed. Last update: 10:50 PM ET

📎 Investment Objective

The ProShares Ultra S&P500 ETF (SSO) seeks to provide 2x the daily return of the S&P 500 Index.

Overview

ETF tracking ProShares Ultra S&P500

Category Leveraged

Issuer ProShares

Inception Date 2008-11-12

Market Cap $7.7B

Average Volume N/A

Dividend Yield 0.71%

52-Week Range $64.80 - $118.65

VWAP $112.53

Performance

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Investment Summary

📎 Investment Objective

The ProShares Ultra S&P500 ETF (SSO) seeks to provide 2x the daily return of the S&P 500 Index.

🎯 Investment Strategy

The fund uses a combination of derivatives, such as swap agreements and futures contracts, to provide leveraged exposure to the S&P 500 Index. It aims to deliver twice the daily performance of the underlying index, before fees and expenses.

✨ Key Features

Provides 2x leveraged exposure to the S&P 500 Index
Utilizes derivatives to achieve its targeted leverage
Resets daily, so long-term returns may not equal 2x the index
Has a very low expense ratio of 0.00%

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for increased volatility compared to the underlying index
Daily rebalancing can lead to performance deviation from 2x the index over longer periods
Counterparty risk associated with the derivatives used

👤 Best For

The ProShares Ultra S&P500 ETF is best suited for experienced, risk-tolerant investors who seek to amplify their exposure to the S&P 500 Index on a short-term basis and understand the risks associated with leveraged products. It is not recommended for long-term buy-and-hold investors.