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

The ProShares Ultra S&P500 (SSO) is an ETF that aims to deliver double the daily returns of the S&P 500 Index, which tracks the performance of the 500 largest U.S.-listed companies. To achieve this, the fund invests in a combination of financial instruments that provide leveraged exposure to the index components or similar economic characteristics.

With Assets Under Management (AUM) of approximately $6.77 billion, SSO is a significant player in the leveraged equity ETF space. Its non-diversified nature means that it may be more susceptible to volatility, as its performance is closely tied to the S&P 500 Index. Key Performance Indicators (KPIs) to monitor for SSO include its tracking error, leverage ratio, and expense ratio, which can impact its overall performance and investor returns.

From a trading perspective, SSOs liquidity and trading volume are essential KPIs to evaluate, as they can affect the ease of entering or exiting positions. Additionally, the ETFs correlation to the S&P 500 Index and its beta can help investors understand its potential risk and return profile. By analyzing these KPIs, investors can make more informed decisions about incorporating SSO into their investment strategies.