RISKY
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.
E.T.F.'s
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
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ProShares UltraProShort S&P 500(SPXU-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for ProShares UltraProShort S&P 500 is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

ProShares UltraProShort S&P 500(SPXU-N) Frequently Asked Questions

What is ProShares UltraProShort S&P 500 stock symbol?

ProShares UltraProShort S&P 500 is a American stock, trading under the symbol SPXU-N on the NYSE Arca (SPXU). It is usually referred to as AMEX:SPXU or SPXU-N

Is ProShares UltraProShort S&P 500 a buy or a sell?

In the last year, 1 stock analyst published opinions about SPXU-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for ProShares UltraProShort S&P 500.

Is ProShares UltraProShort S&P 500 a good investment or a top pick?

ProShares UltraProShort S&P 500 was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for ProShares UltraProShort S&P 500.

Why is ProShares UltraProShort S&P 500 stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is ProShares UltraProShort S&P 500 worth watching?

In the last year, there was no coverage of ProShares UltraProShort S&P 500 published on Stockchase.

What is ProShares UltraProShort S&P 500 stock price?

On 2023-02-07, ProShares UltraProShort S&P 500 (SPXU-N) stock closed at a price of $13.14.