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 December 11, 2024, SDS stock price declined to $18.76 with 7,140,729 million shares trading.

SDS has a beta of -1.99, 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 $402.52 million. This is considered a Small Cap stock.

In the last 3 years, SDS traded as high as $57.07 and as low as $18.66.

SDS has underperformed the market in the last year with a price return of -37.2% while the SPY ETF gained +33.5%. SDS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -16.8% and -1.8%, respectively, while the SPY returned +11.0% and +1.1%, respectively.

SDS support price is $18.85 and resistance is $19.26 (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 shares will trade within this expected range on the day.