SPXU Stock Summary and Trading Ideas (ProShares Ultrapro Short S&P 500 | ARCA:SPXU)

ProShares UltraPro Short S&P500 seeks daily investment results before fees and expenses that correspond to triple (300%) the inverse (opposite) of the daily performance of the S&P 500

ProShares Ultrapro Short S&P 500 trades on the ARCA stock market under the symbol SPXU.

As of April 18, 2024, SPXU stock price climbed to $37.33 with 8,009,542 million shares trading.

SPXU has a beta of -3.00, meaning it tends to be less sensitive to market movements. SPXU has a correlation of 1.00 to the broad based SPY ETF.

SPXU has a market cap of $617.40 million. This is considered a Small Cap stock.

In the last 3 years, SPXU stock traded as high as $119.30 and as low as $32.00.

SPXU has underperformed the market in the last year with a return of -38.3%, while the SPY ETF gained +22.3%. In the last 3 month period, SPXU fell short of the market, returning -13.9%, while SPY returned +6.1%. However, in the most recent 2 weeks SPXU has outperformed the stock market by returning +12.8%, while SPY returned -3.8%.

SPXU support price is $36.13 and resistance is $38.01 (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 SPXU stock will trade within this expected range on the day.