ProShares UltraPro Short S&P 500 ETF (SPXU) offers -3x daily leverage, making it popular for short-term trading but risky due to leverage drift. SPXU's drift has been positive (8.52%) over the past year, but long-term holding risks steep decay, especially in whipsaw markets. Leverage drift in SPXU is path-dependent: volatility and leverage amplify decay, while trending markets can produce positive drift.
The ProShares UltraPro Short S&P 500 ETF offers -3X daily leverage, making it popular among short-term traders but risky for long-term holding. SPXU is subject to significant drift and decay, especially in volatile markets, due to beta-slippage and compounding effects. SPXU's historical drift has fluctuated, with recent positive drift but a long-term risk of steep decay during whipsaw markets.
SPXU offers -3X daily leverage on the S&P 500 for trading or hedging. Leveraged ETF drift can erode returns—especially in volatile, non-trending markets and with high inverse leverage factors. SPXU's historical drift has fluctuated, with recent positive drift, but long-term data shows significant decay during market whipsaws.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Tom McDonald Richards, MERRILL & PETERSON Inc. | 13,000 | $675,180 | $440,635 | -$234,545 | -34.74% |
Kevin Bresler TD Waterhouse Canada Inc. | 400 | $21,175 | $13,928 | -$7,247 | -34.22% |
Carmen McClennon WR Wealth Planners, LLC | 2 | $258 | $69.09 | -$188.91 | -73.22% |
Jefferson H. West Legacy Investment Solutions LLC | 7.5 | $726.9 | $260.4 | -$466.5 | -64.18% |
| ARCA Exchange | US Country |
The company in question appears to be a financial entity specializing in investment services. It focuses on providing its investors with daily returns that align with its Daily Target, which is based on the performance of a large-cap U.S. stock market index. This aim suggests a proactive approach to investment, utilizing financial instruments selected by ProShare Advisors. Notably, the fund operates with a non-diversified strategy. This approach indicates a concentration on certain investments over a broader portfolio distribution, potentially aiming for higher returns but with a corresponding increase in risk.
The main offering of the company revolves around its investment fund designed to achieve specific daily returns. Below is a detailed list of this product: