SSG Stock Summary and Trading Ideas (ProShares Ultrashort Semiconductors | ARCA:SSG)

ProShares UltraShort Semiconductors seeks daily investment results before fees and expenses that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Semiconductors Index.

ProShares Ultrashort Semiconductors trades on the ARCA stock market under the symbol SSG.

As of April 26, 2024, SSG stock price declined to $12.67 with 94,527 million shares trading.

SSG has a beta of -4.13, meaning it tends to be less sensitive to market movements. SSG has a correlation of 0.52 to the broad based SPY ETF.

SSG has a market cap of $7.23 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, SSG stock traded as high as $239.60 and as low as $10.93.

SSG has underperformed the market in the last year with a price return of -80.9% while the SPY ETF gained +27.4%. SSG has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -37.3% and -0.7%, respectively, while the SPY returned +4.6% and -0.5%, respectively.

SSG support price is $13.00 and resistance is $14.47 (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 SSG stock will trade within this expected range on the day.