(SSO) ProShares Ultra S&P500 - Ratings and Ratios

ProShares Ultra S&P500 (SSO) seeks to deliver twice the daily returns of the S&P 500, employing a combination of equity securities and derivatives to achieve this objective. As a leveraged ETF, it targets sophisticated traders seeking amplified exposure to large-cap U.S. equities. The S&P 500, a cornerstone of financial markets, is a float-adjusted, market-cap-weighted index comprising 500 prominent U.S. companies and REITs. Selection criteria include liquidity, market capitalization, and financial stability, making it a benchmark for U.S. equity performance. The fund is non-diversified, allowing concentrated investments in a smaller set of securities.

Based on the provided data, the 3-month forecast for SSO suggests a bearish outlook. With the SMA 20 at 74.70 and SMA 50 at 83.54, both below the last price of 78.33, this indicates potential short-term weakness. The SMA 200 at 88.57 further reinforces this trend, suggesting a decline from the longer-term average. The ATR of 4.50 signals moderate volatility, implying price swings of approximately 5.7% over the next month. Considering the funds leverage, these movements could be amplified, leading to a projected price range between 71.25 and 85.83 over the next three months. The AUM of $4.47 billion underscores the funds liquidity and investor interest, supporting relatively stable trading volumes averaging 3,965,250 shares over 20 days.