ProShares UltraPro Short S&P500 ETF SPXU Sees High Market Capitalization Amid Economic Uncertainty
The ProShares UltraPro Short S&P500 ETF, listed as SPXU on Coinbase, is a leveraged exchange-traded fund designed to track the opposite performance of the S&P 500 Index. The fund's purpose is for defensive and speculative investors to short the US market index during periods of macroeconomic risk or anticipated economic downturns.
The current market capitalization of SPXU is €2.78K, indicating a high value in the market. Its all-time high price was €31.43, which is the highest price it has reached since its inception. Over the past 24 hours, the trading volume of SPXU has been €20.726.
For comparison, other assets with similar market capitalizations include RHTools and Ramaco Resources Inc aStock. The current circulating supply of SPXU is 89.