SDS Stock Summary and Trading Ideas (ProShares Ultrashort S&P500 | ARCA:SDS)

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 19, 2024, SDS stock price climbed to $27.90 with 21,780,176 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 $648.85 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 -24.3%, while the SPY ETF gained +21.2%. In the last 3 month period, SDS fell short of the market, returning -3.3%, while SPY returned +3.0%. However, in the most recent 2 weeks SDS has outperformed the stock market by returning +10.0%, while SPY returned -4.5%.

SDS support price is $26.97 and resistance is $27.85 (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.