DXD Stock Summary and Trading Ideas (ProShares Ultrashort Dow30 | ARCA:DXD)

ProShares UltraShort Dow30 seeks daily investment results before fees and expenses that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones Industrial Average Index.

ProShares Ultrashort Dow30 trades on the ARCA stock market under the symbol DXD.

As of May 10, 2024, DXD stock price declined to $31.53 with 604,691 million shares trading.

DXD has a beta of -1.51, meaning it tends to be less sensitive to market movements. DXD has a correlation of 0.70 to the broad based SPY ETF.

DXD has a market cap of $77.56 million. This is considered a Micro Cap stock.

In the last 3 years, DXD stock traded as high as $58.79 and as low as $30.55.

DXD has underperformed the market in the last year with a price return of -22.5% while the SPY ETF gained +27.8%. DXD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.5% and -6.0%, respectively, while the SPY returned +4.2% and +2.5%, respectively.

DXD support price is $31.18 and resistance is $32.21 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DXD stock will trade within this expected range on the day.