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ProShares UltraPro Short S&P 500

SPXU

Market cap $418M

33.91 USD

-0.70

2.02%

At close Updated Oct 2, 4:00 PM EDT

Pre-market

After hours

33.90

-0.01

0.03%

1 day

-2.02%

5 days

-0.26%

1 month

-2.78%

3 months

-9.33%

6 months

-38.71%

Year to date

-31.51%

1 year

-36.45%

5 years

-90.35%

10 years

-99.64%

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 0%

Neutral 100%

Negative 0%

Zacks Investment Research

Inverse Equity ETFs to Consider Amid Rising Market Risks

As geopolitical tensions, AI uncertainty and rising economic uncertainty weigh on the outlook, inverse ETFs could offer a tactical way to navigate market weakness.

Inverse Equity ETFs to Consider Amid Rising Market Risks

More Signs Of Growth Across AI And Europe

Europe shows tentative signs of improvement, but the recovery remains uneven. AI investment is increasingly influencing U.S. capital spending and trade.

More Signs Of Growth Across AI And Europe

CIO Weekly: SpaceX-Led IPO Boom Forces Governance Into Focus

The $85 billion listing last month of SpaceX, Elon Musk's aerospace, satellite communications and artificial intelligence company, was an important market event. The company's dual-class share structure, conferring disproportionate voting power on its founder, could be expected to serve as a template for the next wave of high-profile IPOs, with OpenAI and Anthropic expected to follow suit in the coming quarters.

CIO Weekly: SpaceX-Led IPO Boom Forces Governance Into Focus

Leveraged ETF Watchlist, And Risks Of SPXU

ProShares UltraPro Short S&P 500 ETF (SPXU) offers -3x daily leverage, making it popular for short-term trading but risky due to leverage drift. SPXU's drift has been positive (8.52%) over the past year, but long-term holding risks steep decay, especially in whipsaw markets. Leverage drift in SPXU is path-dependent: volatility and leverage amplify decay, while trending markets can produce positive drift.

Leveraged ETF Watchlist, And Risks Of SPXU

Leveraged ETF Watchlist And Focus On SPXU History

The ProShares UltraPro Short S&P 500 ETF offers -3X daily leverage, making it popular among short-term traders but risky for long-term holding. SPXU is subject to significant drift and decay, especially in volatile markets, due to beta-slippage and compounding effects. SPXU's historical drift has fluctuated, with recent positive drift but a long-term risk of steep decay during whipsaw markets.

Leveraged ETF Watchlist And Focus On SPXU History

How To Profit From AI Correction: 5 Defensive Plays And 4 Sectors Set To Surge

The artificial intelligence sector is showing critical warning signs that suggest a significant correction may be approaching. Recent market analysis reveals that AI stocks, particularly the “Magnificent Seven,” have been making lower highs since December 2024, diverging from broader market performance – a pattern that historically precedes major corrections.

How To Profit From AI Correction: 5 Defensive Plays And 4 Sectors Set To Surge

SPXU: Drifting In The Right Direction For Now

SPXU offers -3X daily leverage on the S&P 500 for trading or hedging. Leveraged ETF drift can erode returns—especially in volatile, non-trending markets and with high inverse leverage factors. SPXU's historical drift has fluctuated, with recent positive drift, but long-term data shows significant decay during market whipsaws.

SPXU: Drifting In The Right Direction For Now

SPXU Is For Trading The S&P 500, Not For Buying And Holding

SPXU is designed for -3x daily inverse S&P 500 exposure, making it suitable only for short-term speculation or hedging, not long-term investment. Holding SPXU over time leads to value erosion, due to daily derivative time decay and compounding losses, especially in volatile markets. The ETF is highly liquid with tight spreads and low costs, performing as intended for its specific purpose of daily leveraged trading.

SPXU Is For Trading The S&P 500, Not For Buying And Holding

Zacks Investment Research

Trump Tariff Shakes U.S. Market: 5 Inverse ETFs to Gain

The U.S. equity index nosedived on Trump's sweeping series of tariffs, resulting in a spike for inverse or inverse-leveraged ETFs.

Trump Tariff Shakes U.S. Market: 5 Inverse ETFs to Gain

SPXU Ultra-Short S&P 500: Why Being Bearish Is A Bad Idea

Without the help of a crystal ball, holding the ProShares UltraPro Short S&P500 ETF is probably a bad idea for nearly every investor. I believe in the sustained deterioration in market conditions caused by the uncertainty surrounding the current trade war, but this is not enough to justify owning SPXU. For those being careful or skeptical about the prospects of the S&P 500 ahead of a potential recession, I present a few alternatives to being bearish the US equities markets.

SPXU Ultra-Short S&P 500: Why Being Bearish Is A Bad Idea

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