ProShares UltraPro Short S&P 500

NYSE ARCA: SPXU
$34.86
+$1.43 (+4.3%)
Closing price April 12, 2024
ProShares UltraPro Short S&P 500 is a unique investment fund that aims to provide returns that are three times the inverse of the daily performance of the S&P 500 Index. Managed by ProShare Advisors LLC, this fund primarily uses derivatives like futures and swaps to bet against the market, targeting investors who seek to profit from declines in the S&P 500. It's a strategic choice for those looking to hedge against or speculate on downturns in the U.S. stock market.

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