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Asset Summary

Daily Performance Report for SIJ ETF: Nov 6, 2024

Summary: The day started with SIJ ETF opening at $3.21 and closing at $7.41. The ETF showed resilience throughout the day, with the highest price observed at $7.65 and the lowest at $3.21. The underlying asset had a trading range of $4.44 Overall, it was a positive trading day for SIJ ETF, reflecting investor optimism and market activity.

Change in Closing Price: There was a net increase of $4.20 or 130.84% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for SIJ ETF was 29,684 units during Nov 6, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $3.21.

Highest Price: The highest price observed during the day was $7.65.

Lowest Price: The lowest price observed during the day was $3.21.

Closing Price: The day ended at $7.41.

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.

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Frequently Asked Questions

The liquidity of SIJ is measured by its trading volume and bid-ask spread. Higher trading volumes generally indicate better liquidity, resulting in narrower spreads and lower trading costs.

Risks include high volatility and the effects of leverage, which can amplify both gains and losses. SIJ is designed for short-term trading and may not be suitable for long-term investment due to potential compounding effects.

SIJ has an expense ratio of approximately 0.95%. This fee covers the cost of managing the ETF, including the leverage and trading expenses.

SIJ aims to provide -2x the daily performance of the Dow Jones U.S. Industrial Sector Index. Due to leverage, its performance can diverge significantly over longer periods from -2x the index’s return.

SIJ can be purchased through brokerage accounts, similar to other ETFs. It is listed on major stock exchanges under the ticker symbol "SIJ" and can be traded during market hours.

While SIJ can be held in retirement accounts such as IRAs or 401(k)s, its leveraged nature makes it more suitable for short-term trading rather than long-term retirement investing.

SIJ is managed by ProShares and uses leverage to achieve twice the inverse of the daily return of the Dow Jones U.S. Industrial Sector Index. It is rebalanced daily to maintain this leverage ratio.

Key metrics include the ETF’s net asset value (NAV), expense ratio, daily performance relative to -2x the Dow Jones U.S. Industrial Sector Index, and tracking error. The performance is most relevant on a daily basis.

Historical performance data for SIJ includes daily returns, NAV, and tracking accuracy relative to -2x the Dow Jones U.S. Industrial Sector Index. Investors should review performance reports for detailed historical data.

SIJ’s portfolio is rebalanced daily to maintain its -2x leverage ratio. The ETF adjusts its holdings to reflect changes in the Dow Jones U.S. Industrial Sector Index and to achieve the targeted leverage.

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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.

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