November 25, 2016 - By Ellis Scott · 0 Comments
Nov 25 is a negative day so far for ProShares UltraShort Utilities (NYSEARCA:SDP) as the ETF is active during the day after losing 0.89% to hit $35.76 per share. The exchange traded fund has 3.84 million net assets and 2.41% volatility this month.
Over the course of the day 2,327 shares traded hands, as compared to an average volume of 9,250 over the last 30 days for ProShares UltraShort Utilities (NYSEARCA:SDP).
The ETF is -29.72% of its 52-Week High and 25.00% of its low, and is currently having ATR of 1.13. This year’s performance is -21.42% while this quarter’s performance is 13.12%.
The ETF’s YTD performance is -31.29%, the 1 year is -34.37% and the 3 year is -26.35%.
The fund’s top holdings are: Dj U.S. Utilities Index Swap Bank Of America Na for 98.71% of assets, Dj U.S. Utilities Index Swap Credit Suisse International for 84.73%, Dj U.S. Utilities Index Swap Ubs Ag for 11.13%, Dj U.S. Utilities Index Swap Societe Generale for 3.68%, Dj U.S. Utilities Index Swap Morgan Stanley & Co. International Plc for 1.25%.
More notable recent ProShares UltraShort Utilities (ETF) (NYSEARCA:SDP) news were published by: Etftrends.com which released: “There’s a Leveraged Utilities ETF and It’s Soaring” on April 29, 2014, also Seekingalpha.com with their article: “Oh No, There Is Leakage! How Can We Hedge A Water-Investment Portfolio?” published on May 06, 2016, Zacks.com published: “Rate Hike Bet Put These Inverse Sector ETFs in Focus” on November 11, 2015. More interesting news about ProShares UltraShort Utilities (ETF) (NYSEARCA:SDP) were released by: Etftrends.com and their article: “ProShares to Reverse Split 10 Inverse, Leveraged ETFs” published on October 15, 2014 as well as Zacks.com‘s news article titled: “ETF Strategies for a Rising Rate Environment” with publication date: October 06, 2016.
ProShares UltraShort Utilities seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. The ETF has a market cap of $3.84 million. Utilities Index (the Index). It currently has negative earnings. The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index.
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By Ellis Scott