ProShares UltraPro Short S&P 500 (SPXU) Stock
Publicly traded company. Here's the price, business snapshot, and what's worth knowing about ProShares UltraPro Short S&P 500 in September 2026.
The ProShares UltraPro Short S&P 500 (SPXU) is an exchange-traded fund designed for traders seeking daily directional exposure rather than long-term investors. It aims to return -300% of the daily performance of the S&P 500 Index. When the index falls by 1% on a given day, SPXU aims to rise by 3%; conversely, if the index rises by 1%, SPXU aims to fall by 3%. This fund uses derivatives to achieve its objective, which introduces significant complexity and risk. Crucially, because it resets its exposure daily, holding SPXU for longer than one day may result in performance that differs substantially from the -300% target due to the compounding effect of daily returns, particularly in volatile markets. With a dividend yield of 7.57% (which may vary and is not guaranteed) and an expense ratio of 0.90%, this is a high-cost, high-volatility instrument. It is generally unsuitable for most retail investors and is best viewed as a specialised tool for experienced traders who understand leveraged inverse mechanics and the risks of rapid capital loss.
