17-Jan-2025
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Volatile interest rates aren’t likely to hurt S&P 500 earnings: Goldman Sachs
Seeking Alpha News (Sun, 19-Jan 12:36 PM ET)
ProShares Ultra 7-10 Year Treasury seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the ICE U.S. Treasury 7-10 Year Bond Index. The ICE U.S. Treasury 7-10 Year Bond Index includes publicly- issued U.S. Treasury securities that have a remaining maturity of greater than seven years and less than or equal to ten years and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve. In addition, the securities in the Underlying Index must be fixed-rate and denominated in U.S. dollars. Excluded from the Underlying Index are inflation-linked securities, Treasury bills, cash management bills, any government agency debt issued with or without a government guarantee and zero-coupon issues that have been stripped from coupon-paying bonds. The Underlying Index is weighted by market capitalization, and the securities in the Underlying Index are updated on the last business day of each month.
ProShares Ultra 7-10 Year Treasury trades on the ARCA stock market under the symbol UST.
As of January 17, 2025, UST stock price declined to $40.56 with 1,526 million shares trading.
UST has a market cap of $20.08 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, UST traded as high as $66.20 and as low as $38.91.
UST has underperformed the market in the last year with a price return of -4.5% while the SPY ETF gained +28.0%. UST has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.6% and 0.0%, respectively, while the SPY returned +3.0% and +1.0%, respectively.
UST support price is $40.10 and resistance is $41.05 (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 UST shares will trade within this expected range on the day.