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 April 18, 2024, SAA stock price climbed to $21.62 with 5,951 million shares trading.

SAA has a market cap of $29.30 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 underperformed the market in the last year with a price return of +5.5% while the SPY ETF gained +22.3%. SAA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.3% and -10.4%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

SAA support price is $21.06 and resistance is $22.15 (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.