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Opinions Mike Philbrick
ProShares UltraProShort S&P 500SPXURISKYNov 15, 2022
As a hedge in a bear market? By definition, this is a short, but magnifies the S&P losses on a given day by 3x. This can be a useful ETF and you don't need to allocate much capital to it, because of the 3x mechanism, but this ETF is HIGHLY volatile. You have to manage this each day.
Mike PhilbrickUnknown
$15.23
Stock price when the opinion was issued
$36.46
As of Jun 15, 2026. Market Open.
E.T.F.'s
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COMMENT
Technical analysis does not work for a stock like this. The best thing to do is to actually look at what is driving this, in this case the S&P 500. You are going to get whipsawed all over the place with this type of product. This is not a long-term hold. He would not be using technical analysis on this product.
E.T.F.'s
