SPXU
3x Short
ProShares UltraPro Short S&P500
Shorts: S&P 500 Index (SPY)
Expense Ratio
0.90%
Leverage
3x Inverse
Issuer
ProShares
Inception
Jun 2009
High Risk Leveraged Product
SPXU is a 3x leveraged inverse ETF designed for short-term trading only. Daily rebalancing causes significant decay over time. NOT suitable for buy-and-hold investors.
What SPXU Shorts
SPXU provides 3x inverse (-300%) daily exposure to the S&P 500 Index. When the S&P 500 falls 1% in a day, SPXU aims to rise approximately 3%.
The S&P 500 includes 500 of the largest US companies, representing approximately 80% of the total US stock market capitalization.