Share on :

Asset Summary

Daily Performance Report for SDS ETF: Nov 14, 2024

Summary: The day started with SDS ETF opening at $19.23 and closing at $19.47. The ETF showed resilience throughout the day, with the highest price observed at $19.49 and the lowest at $19.2. The underlying asset had a trading range of $0.29 Overall, it was a positive trading day for SDS ETF, reflecting investor optimism and market activity.

Change in Closing Price: There was a net increase of $0.24 or 1.25% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for SDS ETF was 7,663,068 units during Nov 14, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $19.23.

Highest Price: The highest price observed during the day was $19.49.

Lowest Price: The lowest price observed during the day was $19.2.

Closing Price: The day ended at $19.47.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

Enhance Your SDS Trading Now

Elevate your trading strategy with RankMyTrade’s sophisticated tools for SDS. Our system integrates cutting-edge technology and expert analysis to support your investment goals. Start optimizing your trades today and explore the benefits of advanced trading now!

Start Optimizing Now

Frequently Asked Questions

SDS is managed by ProShares. The fund uses leverage and financial derivatives such as futures contracts and swaps to achieve its goal of providing twice the inverse of the daily return of the S&P 500 Index. The ETF is rebalanced daily to maintain the -2x leverage ratio.

Investors can purchase shares of SDS through a brokerage account, similar to other stocks and ETFs. It is traded on the New York Stock Exchange (NYSE) under the ticker symbol "SDS."

The historical performance of SDS reflects its objective to provide twice the inverse of the daily return of the S&P 500 Index. While it can achieve this over short periods, the long-term performance may vary due to the effects of leverage, daily rebalancing, and compounding.

As of the latest update, SDS has an expense ratio of approximately 0.89%. This fee covers the costs associated with managing the fund, including the costs of leveraging and maintaining the inverse exposure.

Yes, SDS can be held in retirement accounts such as IRAs or 401(k)s. Investors should consider their investment goals and risk tolerance due to the leveraged and inverse nature of the fund.

Similar ETFs to SDS include ProShares UltraPro Short S&P 500 ETF (SPXU), which seeks to provide three times (3x) the inverse daily return of the S&P 500 Index, and Direxion Daily S&P 500 Bear 3x Shares (SPXS), which also aims to deliver three times the inverse daily performance of the S&P 500 Index.

Factors affecting SDS’s performance include market conditions, changes in the S&P 500 Index, and the impact of leverage and daily rebalancing. Volatility and compounding effects can lead to deviations from the intended -2x return over time.

SDS rebalance its portfolio daily to maintain its -2x leverage ratio relative to the S&P 500 Index. This daily rebalancing is necessary to meet the fund’s objective of providing twice the inverse daily return.

SDS distributes dividends on a quarterly basis. These dividends come from the income generated by the underlying securities in the fund’s portfolio, adjusted for the ETF’s leveraged and inverse position.

SDS specifically targets twice the inverse daily return of the S&P 500 Index. Other inverse ETFs may focus on different indices or offer varying levels of inverse exposure, such as 1x or 3x, and may use different strategies or underlying assets.

Advance Your SDS Trading Now

Experience the future of trading with RankMyTrade Platform. Our advanced system delivers in-depth analysis and insights for SDS, utilizing state-of-the-art technical tools and strategies. Enhance your market performance today and see how we can elevate your trading results!

Disclaimers

The information displayed on this site is sourced from third-party providers and is believed to be reliable. RankMyTrade (RMT) has not independently verified this data and does not guarantee its accuracy. The information and calculations provided by RankMyTrade are for educational and informational purposes only and should not be construed as financial or investment advice.

With any investment, your capital is at risk. The value of your portfolio go down as well as up. Past performance is no guarantee of future results. By using this website, you accept our Terms of Service, Privacy Policy, and Payment Agreement.

Market data is provided in near real-time when available, but we do not guarantee its accuracy or timeliness.

Securities products are: Not FDIC insured · Not bank guaranteed · May lose value

Trademarks and logos are the property of their respective owners and do not represent endorsements of any kind. Unless otherwise noted, RankMyTrade and its affiliates are not partners, affiliates, or licensees of these companies.

Supported Assets & ETFs