Spread | 0.12 | ||||
Long position overnight fee Long position overnight fee
Trade size with leverage ~ $5,000.00 Short position overnight fee ~ $4,000.00 | -0.026179% | ||||
Short position overnight fee Short position overnight fee
Trade size with leverage ~ $5,000.00 Short position overnight fee ~ $4,000.00 | 0.003957% | ||||
Overnight fee time | 21:00 (UTC) | ||||
Currency | USD | ||||
Min traded quantity | 1 | ||||
Margin | 20 | ||||
Stock exchange | United States of America | ||||
Commission on trade1 | 0% |
1Our charge for executing your trade is the spread, the difference between the buy and sell price. Please consult the Charges and Fees section of our website for further information
Prev. Close | 27.11 |
Open | 27.18 |
1-Year Change | -30.22% |
Day's Range | 27.18 - 27.28 |
ProShares UltraShort S&P 500 (SDS) is an exchange traded fund (ETF) issued and managed by ProShares Advisors. The fund invests in the US public equity markets.
ProShares itself is a division of ProFund Group, a provider of a diverse mutual funds offering. Launched in 2006, ProShares manages a range of investment funds, specialising in exchange traded funds (ETFs) with more than $60bn in assets. It is known for its leveraged ETFs and inverse funds.
Issued on 11 July 2006, ProShares UltraShort S&P 500 invests in stocks of firms in a variety of industries using derivatives. The fund employs a short strategy and builds its portfolio using derivatives such as futures and swaps. Based in the US, it targets large-cap companies with stocks that guarantee growth and value.
Like most leveraged and inverse products, the fund seeks daily investment returns that are two times the inverse (-2x) of the S&P 500's daily performance, before fees and expenses.
Investors will be exposed to the performance drift caused by compounding if they hold it for a longer period of time. To counteract these dynamics, the instrument should either be kept for no more than one day or rebalanced on a regular basis by adding or subtracting to one's position in the fund.