A acre back, I noted that book amid the ProShares Ultra S&P 500 ETFs tended to jump during marketplace rate selloffs. I updated this catch to limited book inward the Ultra Long ETF (SSO) summation book inward the Ultra Short ETF (SDS) every bit a portion of sum NYSE book (pink trace of piece of job above). As nosotros tin come across from the bluish trace of piece of job representing the S&P 500 Index itself (SPY), we've seen a steady increase inward Ultra book during the recent decline, alongside a peculiarly notable spike inward mid-October, when nosotros striking a occur inward the publish of stocks making novel 52-week lows.
Interestingly, the book inward SDS in addition to SSO every bit a proportion of SPY book rose from well-nigh 13% inward early on September to over 30% during the concluding 2 weeks. Moreover, if nosotros hold off at yesterday's volume amid all North American ETFs, Ultra funds occupied iii of the occur viii positions.
Because the Ultra funds are double-size relative to other index ETFs, they are fantabulous tools for assessing speculative activeness inward the stock market. What we've tended to see, when nosotros right for an ongoing ascent inward the popularity of the Ultra shares, is enhanced speculative activeness when markets right in addition to a relative drying upwardly of such activeness every bit markets occur out. From the perspective of sentiment, this may live on a overnice stair out of marketplace rate emotionality: fear/greed versus complacency.
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