Shares of ProShares Ultra SpaceX ETF (NYSEARCA:SPCF – Get Free Report) traded up 9.1% during mid-day trading on Monday . The company traded as high as $17.20 and last traded at $16.46. Approximately 3,648,406 shares were traded during mid-day trading, an increase of 5% from the average session volume of 3,489,356 shares. The stock had previously closed at $15.09.
ProShares Ultra SpaceX ETF Trading Down 4.3%
The stock has a fifty day moving average price of $17.98.
ProShares Ultra SpaceX ETF Company Profile
SPCF, the ProShares Ultra SpaceX ETF, is a leveraged single-stock fund that seeks daily investment results, before fees and expenses, equal to 2x (200%) the daily performance of the common stock of SpaceX (SPCX). Because the fund pursues a daily objective and resets its exposure each day, it is designed as a short-term, tactical tool rather than a buy-and-hold investment: over any holding period longer than a single day, returns can differ significantly from 2x the underlying stock’s performance, and that gap tends to widen in more volatile markets.
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