ProShares UltraShort S&P500 (NYSEARCA:SDS) Hits New 52-Week Low at $26.30

ProShares UltraShort S&P 500 NYSEARCASDS is an exchange-traded fund (ETF) that tracks the performance of the Dow Jones U.S. Broad Stock Market Index, which includes approximately 500 large-cap stocks listed on the New York Stock Exchange (NYSE). The ETF aims to provide investors with a short position on the S&P 500 index, meaning it seeks to return the opposite performance of the index.

On August 19, 2021, ProShares UltraShort S&P 500 NYSEARCASDS hit a new 52-week low at $26.30 per share. This means that the price of the ETF had not been lower in the past year, as measured by the 52-week high and low prices.

It's important to note that the performance of an ETF is influenced by various factors such as market trends, economic conditions, and company-specific news. As with any investment, it's important for investors to carefully consider their financial goals and risk tolerance before making any investment decisions.