ProShares UltraShort Ownership
| SDP Etf | USD 13.71 0.04 0.29% |
ProShares | Build AI portfolio with ProShares Etf |
ProShares Etf Ownership Analysis
ProShares UltraShort is is formed as Regulated Investment Company in the United States. ETF is managed and operated by J.P. Morgan Chase Bank, N.A.. The fund has 22 constituents with avarage daily trading value of 4.5 K. The fund charges 0.75 percent management fee with a total expences of 5.61 percent of total asset. The fund maintains most of the assets in different exotic instruments. ProShares UltraShort last dividend was 0.012 per share. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. Ultrashort Utilities is traded on NYSEARCA Exchange in the United States. To find out more about ProShares UltraShort Utilities contact the company at NA.Sector Exposure (%)
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on ProShares Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding ProShares UltraShort , and the less return is expected.
Top Etf Constituents
| AWK | American Water Works | Stock | |
| SRE | Sempra Energy | Stock | |
| SO | Southern Company | Stock | |
| NFG | National Fuel Gas | Stock | |
| VST | Vistra Energy Corp | Stock | |
| SWX | Southwest Gas Holdings | Stock | |
| PPL | PPL Corporation | Stock | |
| EVRG | Evergy, | Stock | |
| WEC | WEC Energy Group | Stock | |
| D | Dominion Energy | Stock | |
| FE | FirstEnergy | Stock | |
| NRG | NRG Energy | Stock | |
| NEE | Nextera Energy | Stock | |
| LNT | Alliant Energy Corp | Stock | |
| AEE | Ameren Corp | Stock | |
| NI | NiSource | Stock | |
| AES | The AES | Stock | |
| CNP | CenterPoint Energy | Stock | |
| UGI | UGI Corporation | Stock | |
| PNW | Pinnacle West Capital | Stock | |
| MDU | MDU Resources Group | Stock | |
| NJR | NewJersey Resources | Stock | |
| AVA | Avista | Stock | |
| ED | Consolidated Edison | Stock | |
| DUK | Duke Energy | Stock | |
| IDA | IDACORP | Stock | |
| ALE | Allete Inc | Stock | |
| EXC | Exelon | Stock | |
| PEG | Public Service Enterprise | Stock | |
| ES | Eversource Energy | Stock | |
| OGS | One Gas | Stock | |
| ETR | Entergy | Stock | |
| BKH | Black Hills | Stock | |
| EIX | Edison International | Stock | |
| NWE | NorthWestern | Stock | |
| XEL | Xcel Energy | Stock | |
| HE | Hawaiian Electric Industries | Stock | |
| SR | Spire Inc | Stock | |
| CMS | CMS Energy | Stock | |
| POR | Portland General Electric | Stock | |
| AEP | American Electric Power | Stock | |
| DTE | DTE Energy | Stock | |
| ATO | Atmos Energy | Stock |
ProShares UltraShort Outstanding Bonds
ProShares UltraShort issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. ProShares UltraShort uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most ProShares bonds can be classified according to their maturity, which is the date when ProShares UltraShort Utilities has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| US74348YAV39 Corp BondUS74348YAV39 | View | |
| US74348YDX67 Corp BondUS74348YDX67 | View | |
| BNP Paribas FRN Corp BondUSF1R15XK367 | View | |
| PROSPECT CAP P Corp BondUS74348YEA55 | View | |
| US74348TAU60 Corp BondUS74348TAU60 | View | |
| US74348TAV44 Corp BondUS74348TAV44 | View | |
| PSEC 3437 15 OCT 28 Corp BondUS74348TAW27 | View | |
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View |
Pair Trading with ProShares UltraShort
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ProShares UltraShort position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ProShares UltraShort will appreciate offsetting losses from the drop in the long position's value.Moving together with ProShares Etf
| 0.92 | SH | ProShares Short SP500 | PairCorr |
| 0.91 | PSQ | ProShares Short QQQ | PairCorr |
| 0.93 | SPXU | ProShares UltraPro Short Aggressive Push | PairCorr |
| 0.93 | SDS | ProShares UltraShort | PairCorr |
| 0.93 | SPXS | Direxion Daily SP Aggressive Push | PairCorr |
Moving against ProShares Etf
| 0.9 | GBTC | Grayscale Bitcoin Trust | PairCorr |
| 0.89 | KGRN | KraneShares MSCI China | PairCorr |
| 0.87 | QLD | ProShares Ultra QQQ | PairCorr |
| 0.87 | SPXL | Direxion Daily SP500 | PairCorr |
| 0.87 | UPRO | ProShares UltraPro SP500 | PairCorr |
The ability to find closely correlated positions to ProShares UltraShort could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ProShares UltraShort when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ProShares UltraShort - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ProShares UltraShort Utilities to buy it.
The correlation of ProShares UltraShort is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares UltraShort moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares UltraShort moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ProShares UltraShort can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares UltraShort Utilities. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
The market value of ProShares UltraShort is measured differently than its book value, which is the value of ProShares that is recorded on the company's balance sheet. Investors also form their own opinion of ProShares UltraShort's value that differs from its market value or its book value, called intrinsic value, which is ProShares UltraShort's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ProShares UltraShort's market value can be influenced by many factors that don't directly affect ProShares UltraShort's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ProShares UltraShort's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares UltraShort is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares UltraShort's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.