Ticker

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.

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $50.10 and traded as low as $47.37. ProShares UltraPro Short S&P 500 shares last traded at $47.64, with a volume of 6,057,973

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU - Get Free Report) saw some unusual options trading on Monday. Stock traders acquired 18,965 put options on the stock. This represents an increase of 134% compared to the typical daily volume of 8,094 put options. ProShares UltraPro Short S&P 500 Trading Up 0.5% SPXU opened at $51.22 on