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 January 3, 2025, SPXU stock price declined to $21.90 with 11,320,609 million shares trading.

SPXU has a beta of -2.99, 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 $459.66 million. This is considered a Small Cap stock.

In the last 3 years, SPXU traded as high as $119.30 and as low as $20.68.

SPXU has underperformed the market in the last year with a return of -46.5%, while the SPY ETF gained +27.8%. In the last 3 month period, SPXU fell short of the market, returning -10.6%, while SPY returned +4.6%. However, in the most recent 2 weeks SPXU has outperformed the stock market by returning +2.1%, while SPY returned +0.1%.

SPXU support price is $22.16 and resistance is $23.31 (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 shares will trade within this expected range on the day.