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ProShares UltraShort S&P500 seeks daily investment results before fees and expenses that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P500 Index.
ProShares Ultrashort S&P500 trades on the ARCA stock market under the symbol SDS.
As of April 23, 2024, SDS stock price declined to $26.78 with 10,214,021 million shares trading.
SDS has a beta of -2.00, meaning it tends to be less sensitive to market movements. SDS has a correlation of 1.00 to the broad based SPY ETF.
SDS has a market cap of $624.14 million. This is considered a Small Cap stock.
In the last 3 years, SDS stock traded as high as $57.07 and as low as $24.69.
SDS has underperformed the market in the last year with a return of -27.9%, while the SPY ETF gained +24.3%. In the last 3 month period, SDS fell short of the market, returning -6.8%, while SPY returned +4.9%. However, in the most recent 2 weeks SDS has outperformed the stock market by returning +5.6%, while SPY returned -2.5%.
SDS support price is $26.95 and resistance is $27.87 (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 SDS stock will trade within this expected range on the day.