SRTY

$18.95 1.83% $0.34
Dec 20, 2024 20:00 PM

SRTY is an exchange-traded fund (ETF) managed by ProShares. It seeks to provide investment results that correspond to the inverse (opposite) of the daily performance of the Russell 2000 Index. It is designed to profit from declines in the Russell 2000 Index, which represents small-cap U.S. stocks.

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Asset Summary

Daily Performance Report for SRTY ETF: Dec 21, 2024

Summary: The day started with SRTY ETF opening at $18.4 and closing at $18.54. The ETF showed resilience throughout the day, with the highest price observed at $18.54 and the lowest at $18.4. The underlying asset had a trading range of $0.14 Overall, it was a positive trading day for SRTY ETF, reflecting investor optimism and market activity.

Change in Closing Price: There was a net increase of $0.14 or 0.76% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for SRTY ETF was 1,104 units during Dec 21, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $18.4.

Highest Price: The highest price observed during the day was $18.54.

Lowest Price: The lowest price observed during the day was $18.4.

Closing Price: The day ended at $18.54.

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.

1 Month Trailing Return

16.21%

Represents the percentage change in asset value over the past month.

3 Month Trailing Return

-8.28%

Indicates the percentage change in asset value over the last three months.

Period Max Drawdown

58.93%

The highest percentage drop from the peak value to the lowest point during the observed period.

Standard Deviation

62.45%

Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.

Sharpe Ratio

-0.48

Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.

Calmar Ratio

-0.51

The ratio of the annualized return to the maximum drawdown, reflecting the return per unit of risk.

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

SRTY specifically targets the inverse performance of the Russell 2000 Index. Other inverse ETFs might track different indices, such as the S&P 500 or the Nasdaq-100, or might use different leverage strategies. Each inverse ETF has distinct characteristics based on its target index and investment strategy.

SRTY is actively managed to track the inverse daily performance of the Russell 2000 Index. The fund uses derivatives, such as futures contracts and swaps, to achieve its investment objective. This active management involves daily rebalancing to maintain its inverse correlation with the index.

Investors can purchase shares of SRTY through a brokerage account. It is traded on major stock exchanges under the ticker symbol "SRTY," and can be bought and sold like other stocks and ETFs.

SRTY adjusts its holdings and derivatives positions daily to maintain its objective of delivering the inverse performance of the Russell 2000 Index. Changes in the index’s composition are reflected in the fund’s adjustments.

SRTY generally distributes dividends on a quarterly basis. These dividends are derived from the income generated by the underlying securities and derivatives held by the ETF.

Similar ETFs to SRTY include TZA (Direxion Daily Small Cap Bear 3X Shares) and SH (ProShares Short S&P500). These ETFs also aim to provide inverse performance relative to their respective indices, though they may use different strategies and leverage levels.

Historical performance data for SRTY can be reviewed on financial platforms and includes information about past returns and NAV. The performance of SRTY should be evaluated in the context of its daily inverse correlation with the Russell 2000 Index.

Risks include high volatility and the potential for significant losses if the Russell 2000 Index increases in value. Because SRTY is designed to provide inverse returns on a daily basis, its performance may deviate from the inverse performance of the index over longer periods. This is due to the effects of daily rebalancing and compounding.

SRTY aims to provide the inverse of the daily performance of the Russell 2000 Index. It does not seek to match the inverse performance over longer periods due to the effects of compounding and daily rebalancing. Investors should be aware that returns over periods longer than one day may differ significantly from the inverse of the index’s performance due to these factors.

Yes, SRTY can be held in retirement accounts such as IRAs or 401(k)s. However, due to its high risk and speculative nature, it is important to consider whether it aligns with the investor’s long-term retirement strategy.

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