SAA Stock Summary and Trading Ideas (ProShares Ultra Smallcap600 | ARCA:SAA)

ProShares Ultra SmallCap600 seeks daily investment results before fees and expenses that correspond to twice (200%) the daily performance of the S&P SmallCap 600 Index.

ProShares Ultra Smallcap600 trades on the ARCA stock market under the symbol SAA.

As of May 15, 2024, SAA stock price climbed to $25.20 with 5,891 million shares trading.

SAA has a market cap of $33.65 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, SAA stock traded as high as $36.55 and as low as $16.56.

SAA has outperformed the market in the last year with a price return of +32.3% while the SPY ETF gained +29.9%. However, in the short term, SAA had mixed performance relative to the market. It has underperformed in the last 3 months, returning +2.6% vs +5.8% return in SPY. But in the last 2 weeks, SAA shares have fared better than the market returning +11.6% compared to SPY +5.9%.

SAA support price is $24.33 and resistance is $25.46 (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 SAA stock will trade within this expected range on the day.